In this episode of Chats Over Chai, CEO Lisa Singh discusses India’s rapid modernisation with Dr. Reuben Abraham, CEO of Artha Global. The pair delve into India’s increasing urbanisation and digitalisation and how this transformation is advancing India’s goal of becoming a developed economy by 2047- the 100th year of India’s independence.
Lisa and Reuben converse on how urbanisation is unfolding in India through smart cities and people to people links. They also discuss how digitalisation has become ubiquitous across India, considering the drivers of India’s rapid digitalisation and the effect it has to lift people out of poverty. Saliently, the pair also examine what Australia can learn from India’s extensive financial digitalisation including the competition fueling interoperable digital ecosystems, the emerging concerns accompanying increased digitalisation, and the necessary safeguards that could be implemented.