Everything Nandan Nilekani said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Nilekani: Building foundational LLMs is a 'mug's game' for India
“So I think this building a LLM is a mug's game for us. It's great for somebody there, but not for us. Our job is to leverage all this technology in a very low cost way to deliver value to our people.”
Nilekani: ONDC processes twelve billion transactions per month
“And ONDC today does twelve billion transactions a month.”
Nilekani: India will progressively liberalize capital accounts as remittances reach $200B
“In my view, It'll get more and more liberalized, because India will get lots and lots of dollars. Only we get a hundred and eight billion dollars of remittances, that'll go to, say, two hundred billion.”
Nilekani: Indian government asked for unique ID, not digital ID
“No, the government asked me to build a unique ID. There was no digital in it. I made it digital.”
Nilekani: Digital rails compressed 46 years of banking penetration into nine
“So on the normal GDP, if you had looked at it, it'll take in 46 years to get to the level of banking penetration that we did in nine years, because you accelerated with digital technology.”
Nilekani: Energy transition venture opportunity lies in distributed 'little energy'
“So we had to figure out, see there's two, there's big energy and little energy. Big energy is the grid. Little energy is thousands of homes having batteries and rooftop solar. So the opportunity is actually in, in this little energy where there's lots of playe…”
Nilekani: Aadhaar reached 600M enrollments before I stepped down
“I was in the government for about four and a half years, and I had made a commitment that I would deliver six hundred million people with Aadhaar by the time I quit, and I did that. So when I stepped down, I had, you know, six hundred million people had an ID,…”
Nilekani: UPI protocol can support multi-currency accounts and CBDCs
“Yeah, it's a, it can be a multi-currency protocol. It can be for wallets, bank accounts. Tomorrow it can be used for CBDC. So you can, once you have that basic infrastructure on that, you can add different types of accounts.”
Nilekani: The major use case for CBDCs is wholesale cross-border settlements
“I think the big use of CBDC actually is in wholesale. So when you do cross country transactions, you can do settlement much faster if you both use CBDCs. So then today's settlement complexities go away.”
Nilekani: DigiLocker contains billions of documents
“So now there are billions of documents in this thing, more than.”
Nilekani: UPI processes 14.4 billion transactions per month
“And then, of course, today, UPI does 14.4 billion transactions in a month.”
Nilekani: I designed India's FASTag vehicle ID system in 2010
“Which happened was the fast tag system. Which I had designed in 2010. And that was to give everybody a, every vehicle an ID.”
Nilekani: FASTag processes 2.5 billion transactions annually
“Fastag essentially gives every vehicle an ID, which is connected to a value instrument, a wallet, or a bank account. And that streamlined the movement of vehicles on highways. And today that does 2.5 billion transactions a year.”
Nilekani: Half of Indian IPO applications use UPI ASBA on mobile
“That was completely made with the UPI, and now half the transactions IPO are on the mobile phone, UPI as bar transactions. That made IPOs so much easier to do.”
Nilekani: Jar processes 22 micro-savings transactions per month per user
“They do 22 transactions per month per user.”
Nilekani: Namma Yatri completes 150,000 auto-rickshaw transactions daily
“It's used in mobility with Namayatri, which does a hundred and 50,000 transactions a day, where people are ordering auto rickshaws.”
Nilekani: Namma Yatri charges drivers 25 rupees daily for unlimited customers
“He pays the company for 25 rupees a day to use that platform to get customers, unlimited customers for the day.”
Nilekani: My AI investments including AI4Bharat are mostly philanthropic
“Most of this is philanthropic. I mean, I fund AI for Bharat at IIT Madras. They're mostly philanthropic.”
Nandan Nilekani
WTF is with Nikhil Kamath 30