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Prakhar Misra
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Who should finance digital ecosystems?

The complexities of the ecosystems call for a private-public balance, which ensures that citizens are empowered by technology, and also protected from its harmful side-effects

Had it not been for the government’s initial investment in the development and proliferation of BHIM, UPI may never have achieved the success it enjoys now. The market failure here was a missing market. (Shutterstock)
Published on Mar 22, 2022 07:25 PM IST

Digital ecosystems: Who should finance what?

Three financing models dominate the discourse, and a combination of all three might help India address the gaps of financing in its fast growing digital space

Governments can facilitate technologies where the market doesn’t see an immediate profit. The UPI revolution was boosted when BHIM — backed by the government — was launched. Google Pay and Amazon followed later. ( HT Photo)
Updated on Feb 21, 2022 08:11 PM IST

Indian democracy must be more representative

India’s philosophical underpinnings and demographic reality are at stark odds with one another. Such an imbalance creates an insurmountable gap between the ideal and the implementation of representative democracy

The country’s population has more than tripled since the making of the Constitution, and citizens’ political representation at the national level has not kept pace(Anshuman Poyrekar/HT Photo)
Updated on Apr 09, 2019 09:15 AM IST
ByReva Abrol and Prakhar Misra
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