Digitalization In India And Its Economic Growth

-- Roshini Vipprla, 6-B, Kuwait Indian School

Thursday, January 11, 2024


India's Digital transformation has been excellent in recent years, with the rapid adoption of smartphones increased Internet connectivity, and the government’s push towards a digital economy It has opened up a tremendous opportunities for economic growth across various sectors of the economy. The fast -paced digitalization has significantly impacted the country’s economic growth,with tremendous opportunities continued the growth of digital economy. With the government’s continued focus on digital transformation and investments in digital technologies, India is well-positioned to continue to drive economic growth.

Digitalization has profoundly impacted the financial sector in India, transforming how people transact and access banking services. With the Indian government’s push towards a digital economy, there has been a significant increase in the adoption of digital payment systems such as UPI . It has made it easier and more convenient for people to transact online ,reducing the reliance on cash-based transactions. Digitalization has also led to the growth of digital banking, with more people using their smartphones to access banking services. It has helped to improve financial inclusion, bringing more people into the formal banking sector. A report published by the World Bank states that India has made remarkable progress in financial inclusion, With the number of people with a bank account increasing from 35% in 2011 to 80% in 2017.

Though, there is also a need to address data privacy And security issues to ensure people can trust and use digital technologies confidently. Overall, the impact of digitalization on India’s economic growth has been positive . Even so, more work needs to be done so that everyone can benefit from digitalization opportunities. By addressing the challenges and investing in digital technologies, India can continue to drive growth and improve citizen welfare.






Roshini Vipprla, 6-B, Kuwait Indian School



Disclaimer: Statements and opinions expressed in the article are those of the authors and written by them; the author is solely responsible for the content in this article. IndiansinKuwait.com does not hold any responsibility for them.

| HOME |

Express your comment on this article

Submit your comments...
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.