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India ranked 28th on government’s adoption of e-payments in 2018: EIU

 India was ranked 28th among 73 countries in 2018 Government e-Payments Adoption Ranking (GEAR). India has jumped by eight positions in this ranking from 36th in 2011 which reinforces country’s progress towards digital transformation. Norway has topped 2018 GEAR list scoring 89.7 points in seven categories.

2018 GEAR

It is an Economist Intelligence Unit (EIU) global Index and benchmarking study commissioned by financial services corporation Visa. It ranks governments by quantifying their e-payment capabilities based on various indicators. It evaluates extent to which major countries around world have adopted e-payment systems, based on digital platform. The ranking is based on seven parameters viz. Government-to-Citizen (G2C), Citizen-to-Government (C2G), Business-to-Government (B2G), Government-to-Business (G2B) transactions, infrastructure, socio-economic and policy environment.

India’s performance in 2018 GEAR

India leads B2G category, along with other countries like Australia, Singapore and South Korea. It also leads in G2B category as well, along with four other countries. It was ranked third C2G category, along with four other countries, while France and UAE has topped the list in this category. In G2C category, India still lags behind at 25th place. It was also ranked very low at 58th position in infrastructure and socio-economic categories. In the socio-economic category, India was ranked 60th out of 73 countries. In policy environment, it was ranked low at 40th.

Month: Categories: Business & Economy Current Affairs 2018

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Inclusive Internet Index 2018: India ranks 47th

India was ranked 47th out of 86 countries in Inclusive Internet Index (III) 2018 report. India has slipped by 11 positions compared to 36th rank in 2017 III report due to low internet usage and poor quality.

The report was commissioned by Facebook in 2017 and is conducted by The Economist Intelligence Unit (EIU). It provides rigorous benchmark of national-level Internet inclusion across four categories: Availability, Affordability, Relevance and Readiness. 2018 edition of report has covered 91% of the world’s population and expanded data set of 86 countries, up from 75 countries in 2017.

Key Highlights of 2018 III report

India was ranked 62nd in Availability, 39th in Affordability, 37th in Relevance and 23rd in Readiness categories. Singapore, Canada, Poland and Malaysia have topped in respective categories.

Internet connectivity: It has grown by 8.3% over past year and has shown 65.1% increase in low-income countries with largest year-on-year increases in Rwanda (490.8%), Nepal (138.1%) and Tanzania (87.8%).

Mobile Internet gap: It is shrinking between rich and poor. In low-income countries, average cost of 500 MB mobile broadband connection fell from 12.1% of monthly income in 2017 to 10.0% in 2018, a 17.3% cost reduction.

Gender gap in Internet inclusion: It is still far too pervasive. In 69 out of 86 countries, more men have access to internet than women. On average across indexed countries, men are 33.5% more likely to have Internet access than women. This gap is substantially more pronounced in lower-income countries.

Empowerment: Use of internet is empowering, especially to citizens in Asia, Middle East and Africa. Privacy and security concerns have limited the use of the Internet especially in Europe.

Month: Categories: Business & Economy Current Affairs 2018

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