Skip to main content

MoneyWorks4Me

Some reforms in India show benefits of digitalization: IMF

10 Apr 2019 Evaluate

The International Monetary Fund (IMF) in its latest edition of the fiscal monitor report has said that some reforms in India show the benefits of digitalization and reducing opportunities for discretion and fraud.

IMF highlighted the benefits of implementation of e-procurement system in country, saying that the move enhanced competition and led to better quality of construction. Besides, it said that the adoption of an electronic platform for managing a social assistance programme in India resulted in a 17 per cent decline in spending with no corresponding decline in benefits.

International Monetary Fund also underlined reforms done on state level, noting that in Andhra Pradesh, the use of smart ID cards that are used to identify beneficiaries of specific programmes and improve beneficiaries' access to information helped reduce leakage by 41 per cent relative to the control group.