From the perspective of the experience of the average user, India is placed at the While India as a nation is vastly digitalised, the very bottom in the Connect and Harness pillars. [...] State of India’s Digital Economy 14 Introduction FIGURE 4 Three tiers in the CHIPS framework Source: IPCIDE Research State of India’s Digital Economy 15 Part 1: India and the World PART 1 India and the World State of India’s Digital Economy 16 Part 1: India and the World Measuring digitalisation of countries India is the third largest digitalised country in the TABLE 2 world India is the third lar. [...] India is ranked second in the Connect pillar and third in both the Harness and Innovate pillars (see Figure 5).12 CHIPS (Economy), drives up the rank of China and India in the connect and harness pillars largely due to the scale effect. [...] The good news for India is that the CHIPS the fastest growing economy in the world, it will be in (Economy) score is strongly correlated to the size of the a good position to close the gap with US and China. [...] The 2023 DSCI survey found that the firms in in China which are all deeply invested in AI and the the BFSI and IT/ITeS sectors are the biggest spenders front runners for the new generation large language on cybersecurity due to the tightening of regulatory models (LLM).
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