Enormous opportunities to open up for law students in digital economy
Addressing a convocation at Gujarat National Law University, Minister for Law and IT, Ravi Shankar Prasad said that law graduates will have enormous opportunities to tap in the push for Digital India. New avenues will open for the law graduates especially in the fields of intellectual property, competition and data privacy.
Addressing a convocation at Gujarat National Law University, Minister for Law and IT Ravi Shankar Prasad said that digital economy will require both technological and legal innovations, and law graduates will have enormous opportunities to tap in the push for Digital India.
What did Prasad say?
- New avenues will open for the law graduates especially in the fields of intellectual property, competition, data privacy, and a whole range of other innovative laws
- Communication, IT services, digital delivery, e-commerce, cyber security, digital payment, are also going to create new avenues for legal redress
”(Digital economy) will require not only technological innovations but also legal innovations. And there I see an enormous opportunity awaiting for you (graduating students) to tap in the field of intellectual property, competition, data privacy, and a whole range of other innovative laws,” he added.
“Once this digital profile becomes an important component of India’s digital and commercial discourse, I see larger avenues opening for you,” he said. Prasad said that out of a population of 1.25 billion, Indians have 1.08 billion mobile phones, 1.12 billion Aadhar Cards, 50 crore people are connected to internet, and 35 crores own smart phones.
Importance of going digital
Indian digital economy is going to become a trillion dollar economy in the coming 5-7 years.
Prasad said, “Digital coverage is good coverage, digital delivery is faster delivery, but this will throw up legal challenges, issues of privacy, cyber security, competition. Why? Because digital world is a virtual world, and the problems of the virtual world have to be addressed in the real world,” he added. ”
“India is at the cusp of a big digital revolution. And some of the transformative programmes that we have started under the guidance of Prime Minister — Digital India, Make in India, Stand Up India, Start-up India, Skill India — are all designed to make India an empowered nation,” he said.
Stressing on the need for ethics, Prasad told graduating students that “legal profession demands a lot of ethical values.