Addressing the members, Nandan Nilekani, co-founder and chairman of Infosys Technologies which is a top Indian software services company and architect of Aadhaar - a 12-digit bio metric card, said, "Once data becomes the basis for decision-making in many sectors, you will see a big change.
World over, data is becoming central to people and government. Data empowerment architecture in India will benefit all segments of the economy."
Stating that Aadhaar e-KYC has facilitated direct benefits transfer (DBT) of government scheme to the deserving beneficiary with the new digital mechanism, Nilekani said, the DBTs can revive the ailing power sector in the country.
India runs the biggest DBT system in the world through its over 600 million unique bank accounts linked to Aadhaar.
Earlier in the session, Kiran Mazumdar Shaw, chairperson of Biocon Ltd, said that India's bio-economy sector is set to reach 200 billion U.S. dollars by 2030.
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