Digital economy
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The document discusses the digital economy, which refers to economic activities that use digitized information and ICT as a driver of productivity and optimization. It notes key tools of digitalization like the internet, cloud computing, big data, IoT, and AI. These digital technologies are embedded in various sectors like healthcare, banking, communication, e-commerce, and entertainment. The government has taken initiatives to increase FDI, smart phone penetration, implemented Aadhaar and GST, and created UPI for payments. However, challenges remain like slow Wi-Fi rollout, lack of technology adoption among SMEs, limited smart phone capabilities, skills shortage, and lack of user education.
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Technological advancements are a major driver of globalization. Technology allows companies to compete globally with less capital investment and travel through knowledge sharing and internet connectivity. There are two modes of advancing technology - innovation of new technologies and adoption of technologies from elsewhere. While adoption enhances living standards, innovation is important for long term growth. Technological changes reduce communication and transportation costs, facilitating global trade networks. Information technology in particular has reduced barriers through tools like the World Wide Web. 80% of globalization is estimated to be technology driven, impacting areas like outsourcing and cultural spread through inventions. Technology transfer aims to increase productivity, encourage foreign investment, and support economic development. However, introducing new technologies takes time and late adoption can limit
Digitalization of india 2020
Digitalization in India provides several key benefits including removing the black economy, increasing revenues, empowering citizens, enabling e-governance, and creating new jobs. While digitalization has positively impacted many sectors like agriculture, healthcare, education, and retail, there are also challenges to overcome such as digital illiteracy, cybercrime, and maintaining equipment in rural areas. Suggestions to address these challenges include conducting awareness programs, providing digital training and affordable access, increasing data security, and ensuring technologies are used to enhance rather than replace human efficiency.
bhavesh boob ppt english digital india.pptx
Digital India is a campaign launched by the Indian government in 2015 to connect rural areas to the internet and digital services. It has nine pillars including expanding broadband connectivity, universal access to mobile networks, public internet access, e-governance initiatives, and skills development. The goal is to improve online infrastructure, increase internet access, and make India digitally empowered. Major challenges include high digital illiteracy, connecting remote areas, compatibility across databases, cybercrime, and net neutrality. If successful, Digital India could boost India's GDP by $1 trillion by 2025 and transform access to services, but focused efforts are still needed to implement its many initiatives.
Economic presentation
Information technology (IT) is the application of computers to store, study, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise. IT is considered a subset of information and communications technology (ICT).
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Digital economy
- 2. Digital economy: An Overview • Digital Economy refers to a broad range of economic activities that include using digitised information, effective use of information and communication technology (ICT) as an important driver of productivity growth and economic structural optimisation. 1
- 3. Tools For Digitalization • Internet • Cloud computing • Big data • Internet of Things (IoT) • Artificial Intelligence • Other new digital technologies 2
- 4. Embedded In Various sectors • Healthcare • Banking • Communication • E-commerce • Entertainment 3
- 5. Government Initiative • Amendments to the Foreign Direct Investment (FDI) policy to increase FDI inflow • Increased smart phone penetration • Implementation of biometric identification system (Aadhaar) • Goods and Services tax (GST) • Real-time payment interface - Unified Payments Interface (UPI) 4
- 6. 5
- 7. 6
- 8. 7
- 9. 8
- 10. Challenges to Digital Economy Growth *Slow roll-out of Wi-Fi hotspots *Most small & medium enterprises still not online & slow to adopt technology *Entry-level smart phones have limited capabilities to allow smooth internet access *Not enough skilled manpower in digital technologies *Lack of user education 9
Editor's Notes
- Rajan Anandan, vice-president-South East Asia & India, Google, says, “In the next five years, India is really going to be a continuous story about user growth. And as India’s internet user base matures, there will be a significant impact on every vertical.” Poor bandwidth & technology could eclipse this the growth. A snapshot of the digital economy that is expected to balloons.