Digital Dynamics in BRICS: Exploring Digital Access and Policy Challenges

As the global economy continues to digitize, BRICS nations are at a pivotal juncture in leveraging digital technologies for economic growth. This paper investigates the dynamics of digitalization in these countries focusing on the three major parameters of digitalization- internet penetration, cost of internet and digital payment. It also analyses government strategies in these countries. As BRICS accounting for a significant share of global GDP yet experiencing disparities in digital service export and adoption, understanding these dynamics is essential for adopting comprehensive policies that harness their digital potential. The research highlights the historical context of BRICS as an influential economic bloc, its rapid digital transformation influenced by emerging technologies. Additionally, the study emphasizes the importance of internet penetration as a fundamental enabler of socio-economic activities, correlating better internet infrastructure with increased economic participation. Employing a comparative analysis methodology, this research examines the performance of individual BRICS nations, revealing challenges and opportunities in enhancing connectivity and fostering financial inclusion through digital payment systems. The study also analyses the relationship between cost of internet and internet users in the BRICS countries. This study ultimately aims to put forward analysis about the diverse digital ecosystems within BRICS, advocating for collaborative strategies to navigate inherent challenges while maximizing economic growth and inclusivity.