How has technological advancement influenced the economic growth of India in recent years
Analyze the impact of technological innovations on India's economy and how it has contributed to its growth.
- Increased productivity and efficiency: Technological advancements have led to automation and digitalization of various industries, boosting productivity and efficiency.
- Job creation: The tech sector in India has created numerous job opportunities, contributing to employment and income generation.
- Enhanced connectivity: Improved internet infrastructure has connected remote areas to markets, enabling participation in the digital economy.
- E-commerce growth: Online retail platforms have flourished, providing a platform for small businesses to reach a wider audience and increasing market access.
- Financial inclusion: Fintech innovations have facilitated access to financial services for unbanked populations, promoting economic growth and stability.
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9 months ago