How has technology helped in the growth of the Indian economy
Explain the role of technology in the growth of the Indian economy and its impact on the overall development of the country.
- Increased productivity: Technology has facilitated the adoption of automation, machine learning, and artificial intelligence, which have resulted in increased productivity across various sectors.
- Improved communication: Technology has enabled quicker and effective communication between businesses, customers, and suppliers, which has reduced time and costs. This has resulted in the growth of e-commerce, online banking, and other digital transactions.
- Efficient business operations: Technology has made it possible to track, manage, and analyze data in real-time, resulting in improved business operations and decision-making.
- Improved healthcare: Technology has contributed to the growth of the healthcare sector in India and has enabled better access to medical facilities, diagnostics, and treatments.
- Increased financial inclusion: Technology has enabled the growth of financial institutions and digital transactions, which has increased financial inclusion and reduced the percentage of the unbanked population in the country.
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