More people will be literate, on the Internet, linked to the national identification scheme and likely to receive electricity, especially from alternative-energy sources. The new year has many things to unveil for the world’s fastest growing economy. We picked four:
“I expect that many more schemes will adopt the Aadhaar Payments Bridge to send money, using the Aadhaar number as a financial address, into Jan Dhan (people’s wealth, a national programme to give the poorest banking access) accounts, in the same way,” Viral Shah, co-author of Rebooting India and one of Aadhaar’s architects, told IndiaSpend.
Micro-ATM transactions – where social security payments are transferred to Jan Dhan accounts and cash withdrawals are made with Aadhaar biometric authentication in villages – will also “scale up in a big way”, Shah added. Renewable energy installation to more than double in 2016, will balance electrification push: India plans to install 12 giga watt (GW) of renewable energy by 2016, with an aim to achieve 175 GW and generate a million jobs by 2022.
This 12 GW is equivalent to a third of all renewable energy capacity installed until 30 September 2015 and will be more than double the capacity installed in 2015. India’s renewable-energy programme is one of the world’s most ambitious, and will require Rs 6,00,000 crore ($89.88 billion), or about four times the current defence budget, by 2022, as Factchecker.in reported.
The union ministry of human resource development has pledged to achieve 100% literacy in 410 districts under the Sansad Adarsh Gram Yojana (MPs’ Ideal Village Programme) by March 2016. India’s literacy rate increased from 18% in 1951 to 74% in 2011, but it lags other BRICS countries–their literacy rates exceed 90%–as IndiaSpend reported, with 282 million Indians illiterate.
More Indians than Americans will be online: As many as 402 million Indians were supposed to be online by December 2015, a 49% jump over the previous year, overtaking the United States and becoming the world’s second largest online user base after China, according to this report, ‘Internet in India 2015’ from the Internet and Mobile Association of India (IAMAI) and IMRB International. The Government of India has also planned to wire 250,000 village panchayats (council areas) with broadband by December 2016. Currently, cable laying is complete in 500 villages.