How has technology affected the Indian economy in recent years
Analyze the impact of technology on the Indian economy and its future growth prospects.
- Technology has revolutionized the Indian economy in recent years by promoting innovation, productivity, and efficiency in various sectors like agriculture, finance, education, healthcare, etc.
- With the advent of digitalization, mobile internet, e-commerce, and electronic payment systems, the Indian economy has become more inclusive, accessible, and transparent.
- Technology has also fostered entrepreneurship, start-ups, and employment opportunities for youth and women in the country.
- The use of data analytics, artificial intelligence, and machine learning has enabled better decision-making, risk management, and governance in both public and private sectors.
- However, the digital divide, inadequate infrastructure, and cyber threats remain major challenges for India's technology-led growth.
- Looking ahead, the Indian economy has enormous potential to leverage technology for sustainable, equitable, and human-centered development in the future.
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