Info News Club

India has depended on technology to help keep development engines flowing while it works through the difficulties caused by the COVID-19 epidemic. This includes work from home, e-commerce, digital payments, and even entertainment. As per financial investor, CIO of Bay Capital Siddharth Mehta (Religare, former director) “Consumer behavior has changed as a result of digitization, which has also created potential to reach under served or unserved areas, increase supply chain efficiency, create economies of scale, and reduce prices”. All of this has been made possible by the improvements made over the last ten years, including the expansion of digital infrastructure, a sharp decline in data prices, and a surge in the usage of smartphones. India is predicted to have 900 million active internet users by 2025, with a penetration rate of 45% as of January 2021. Only after China and the US, India has the third-largest internet consumer base (140 million). According to a 2021 Bain-Flipkart ...

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...