Union Minister for State - Law and IT, Ravi Shankar Prasad, while delivering the convocation address at GNLU or Gujarat National Law University, reiterated that the digital economy will not only require technological innovations, but also legal ones.
He added that law graduates of the country have a big bunch of opportunities which they can tap while giving a push to the nation-wide Digital India campaign. New avenues will open up for them, especially in fields such as intellectual property, data privacy, competition and a whole range of innovative laws.
He further predicted that the digital economy in India is on its path to becoming a trillion dollar economy in the next five-seven years. Sectors such as IT services, cyber security, communication, e-commerce, digital delivery, digital payment etc. will also create new avenues for legal redressal.
Interestingly, he supported the idea of digital delivery and coverage as a good one as it ensures faster delivery as well as good coverage. However, he added that no matter what, the idea will throw in legal challenges, piracy issues, competition and cyber security etc. He was of the opinion that the digital world is nearly virtual, and the problems of the virtual world will have to be addressed and taken care of in the real world.
Prasad gathered the attention of the students by putting forward his thoughts on the same. He said that as soon as the digital profile becomes an important component of the country’s commercial and digital discourse, there will be a large number of opportunities pouring in for law graduates in the country.
He described how India is at the cusp of a digital revolution with the help of examples and statistical information. He said that in Indians have about 1.08 billion mobile phones, about 1.12 billion Aadhaar cards, 50 crore individuals are connected to the internet more or less and about 35 crore people own smartphones. Campaigns such as Make in India, Digital India, Skill India, Stand Up India - Start-up India etc have further proved to be transformational, thereby empowering the nation as a whole.
On the other hand, ethical values in any profession is the need that cannot be compromised on. Similarly, the legal profession also demands a set of ethical values that a graduate must entail, which is possible through training and research programmes.