India's Digital Triumph: A Stark Contrast Highlighted by Nobel Laureate Paul Romer

Nobel Laureate Paul Romer praised India's use of digital technology for societal benefit while criticizing the U.S. for failing to leverage similar opportunities. Speaking at the NDTV World Summit 2024, Romer cited India's Aadhaar system as a transformative tool, contrasting it with the U.S.'s declining life expectancy trends.

India has successfully capitalized on digital technology to benefit its citizens, while the United States has lagged, stated Nobel Laureate in Economics and former World Bank Chief Economist, Paul Romer, at the NDTV World Summit 2024.

Romer criticized the U.S. for wasting opportunities in the digital technology sector, emphasizing that advancements have not translated into improved quality of life, as evidenced by stagnant and declining life expectancy rates.

In contrast, Romer praised India's Aadhaar system as a game-changer, providing formal identification and access to essential services for millions, thereby ensuring inclusive growth. He highlighted how India's strategic use of technology is improving life quality, unlike the U.S.'s missed opportunities.

(With inputs from agencies.)