The technology sector, including IT services, software development, and tech startups, has played a pivotal role in India’s economic growth, generating an array of employment opportunities. The country has come to be known for its IT software and outsourcing services, which have generated significant revenue and created numerous employment opportunities over the years.
In recent years, India has undergone a massive digital transformation due to the widespread adoption of smartphones and greater internet penetration in remote areas. This has enabled easier access to information, e-commerce, digital payments, and online services. Technology has played a critical role in improving access to digital and formal education in India. Online courses, e-learning platforms, and digital educational resources have made it possible for students, even those in remote areas, to access quality education. Telemedicine and digital health solutions have become increasingly important, especially in the rural and underserved regions of India. Government initiatives such as Digital India, Common Household Database, and Aadhaar have helped digitize government records, enabled better targeting, reduced bureaucracy, and increased transparency, thereby streamlining public services and improving governance. Digital payment systems like UPI (Unified Payments Interface) have made it easier for people to access and use financial services, reducing reliance on cash and promoting financial literacy.
This story is from the December 23, 2023 edition of The Business Guardian.
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This story is from the December 23, 2023 edition of The Business Guardian.
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