US $15 bn to GDP through digital economy

US $15 bn to Sri Lanka’s GDP through digital economy

by Staff Writer 21-09-2023 | 12:34 PM

The Chairman of the Federation of Information Technology Sri Lanka (FITIS), ndika De Soysa, has projected a substantial boost of 15 billion US dollars to Sri Lanka’s gross domestic product (GDP) through the expansion of the digital economy, by the year 2030.

Presently, the digital economy contributes 3.7 billion US dollars to the GDP.

Soysa made these remarks during a press conference at the Presidential Media Centre (PMC), where he discussed the “DIGIECON Sri Lanka 2030” program, aligning with President Ranil Wickremesinghe’s vision.

The upcoming 41st National Information Technology Conference, themed ‘Towards a Sustainable Digital Society,’ is scheduled to take place from October 11 to 13 in Colombo. 

Indika De Soysa emphasized the global trend of developed countries contributing approximately 40% of their GDP from the digital economy, while Sri Lanka currently stands at 5%. 

The goal is to elevate this contribution to 20% and increase the current 3.7 billion US dollars in GDP to 15 billion US dollars by 2030.

Additionally, a comprehensive set of guidelines for the next seven years is being developed in collaboration with the DIGIECON 2030 government program to enhance technological knowledge among Sri Lankans.