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ET Financial Inclusion Summit: Speed of internet is still a drag
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Last Updated: Jul 16, 2021, 07:30 AM IST
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Synopsis
Industrialisation had a role to play and with improved telecom connectivity, the lag will ease out. Industry stakeholders have also raised the issue of cyber security concerns.
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Evolution of consumer technology is largely premised on internet speed. India is on the threshold of becoming a leading digital economy. But for a country clocking more than a billion payments a day, the need for more reliable internet connectivity has never been felt more acutely. Industry leaders believe that while assisted help in this mode of doing business is a great bridge in rural areas, internet lags are excluding many from using digital platforms.