DIGITAL MARCH WILL DRIVE BUSINESS GROWTH WHILE ENHANCING ENVIRONMENTAL GOVERNANCE.
In India, adoption of advanced business digital technologies can lead to increase in revenues by up to 27%, increase in employment by up to 84% and enhanced access to international markets by up to 65% for small and medium business (SmBs), according to assocham-Deloitte joint study.
Digital infrastructure can also help leveraging technologies like telepresence that can reduce the need for business travel and result in cost savings. Increased levels of digital technology-use under can improve employee satisfaction and collaboration, leading to a more productive workforce. In India, it is estimated that employees in SmBs with advanced digital engagement are 8.7 times more likely to collaborate than offline businesses, noted the study, titled “Digital India: Unlocking the Trillion Dollar opportunity”.
The government has taken several measures to improve ease of doing business in India. Consequently, India has seen an improvement in the global ranking for ease of doing business. Services such as eBiz portal, KyC and other e-governance initiatives have started to contribute to the improvement in ease of doing business and this is expected to further improve.
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