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Showing posts with the label digital economy

Digital culture of India

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India has taken a leap in the digital era and thanks to the digital boom, it looks like we are at home away from home. The change in the digital sector has revolutionized our way of living and thinking. Gone were the days when we had to do a trunk or std call for speaking with our parents,now it is not the same situation anymore. The letters have replaced wassup, facebook,insta etc…Video calls have become much easier with just the click of a button,it is easier to make calls. Digitalization has impacted our lives to a greater extent positively. “Digital India”  was a  campaign launched by the government of India to make sure that government services are made available to everyone on an online platform and to ensure better internet connectivity in far-off places of India. Digitalization in india is important because 60 percent of the population still lives in rural belt…The Digital India campaign was started by our Prime Minister Narendra Modi.   Read the full article here

How digitalisation can revolutionise your B2B e-commerce business

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Digitalisation is reconfiguring the business landscape while altering the drivers of value creation and ways of reaching the customer. India has emerged as one of the fastest-growing economies in the world due to its rapid adaptation of new-age technologies. Supporting this growth is the pillar of e-commerce, which has also experienced elevated demand from the masses. As customers became more proactive on digital platforms, B2B e-commerce businesses had no choice but to undergo digital transformation to keep up with changing circumstances. However, in this fast-paced world, businesses have a shortage of time to coordinate with logistics partners, supply chain experts, or business vendors, which only augments order complexity and delivery time. Therefore, a concrete model is needed for transforming the order-fulfillment process. Supporting that, digitalisation turns out to be a complete solution for the new-age B2B clients, as they usually look for quick, efficient, and

Digital economy developed 2.4 times quicker than Indian economy between 2014-2019: RBI staff

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India's digital economy became almost over twice quicker than the general economy somewhere in the range of 2014 and 2019, Save Bank of India (RBI) staff have assessed. Utilizing a methodology created by the Asian Development Bank, RBI staff found that the size of India's computerized economy expanded from $107.7 billion out of 2014 to $222.5 billion of every 2019. "In outright US dollar terms, India's digital economy displayed a development pace of 15.62 percent somewhere in the range of 2014 and 2019, while India's economy (gross worth added) developed yearly at a build pace of 6.59 percent," RBI staff wrote in an article distributed on December 20 as a component of the national bank's month to month release.   "This shows that India's digital economy developed 2.4 times quicker than the Indian economy itself," they added. "The degree of utilized laborers presented to digital disturbance highlights the requirement for computerized educ