"We estimate that this (Aadhaar digital ID) is saving approximately USD 1 billion (Rs 650 crores) a year by reducing corruption and leakage for the Indian government. It is a help in fiscal budgeting. It is a help in providing other useful services," World Bank Chief Economist Kaushik Basu told reporters here during the release of a report on Digital Dividends.

"India's Aadhaar digital identification system has already reached close to one billion people enabling many of the poor to access services more easily and making it possible for government to deliver welfare services more easily," he said at the World Bank headquarters here.

India is on track to register its entire 1.25 billion population using its Aadhaar digital ID, the World Bank said yesterday. This, it said, would help the government to promote the inclusion of disadvantaged groups in its welfare schemes.

The report noted that digital technologies can promote inclusion, efficiency, and innovation.

"Digital technologies are transforming the worlds of business, work, and government," said Jim Yong Kim, President of the World Bank Group.

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