How has technology impacted the Indian economy

Describe various ways in which technology has helped in the growth of the Indian economy.
The impact of technology on the Indian economy has been significant in the recent years. Following are the ways in which technology has helped in the growth of the Indian economy:
  • Increased efficiency - Technology has led to automation and digitization in various sectors making the process efficient, reducing costs and increasing productivity.
  • Increased connectivity - With the growth of the internet, technology has helped to connect various regions in India providing access to a wider market and also to education and healthcare facilities.
  • E-commerce - Technology has enabled e-commerce to grow, providing easy access to customers from different parts of India to goods and services.
  • Startups - Technology has led to the growth of startups in India, leading to job creation, innovation and economic growth.
  • Manufacturing - Technology has helped to improve the manufacturing sector by providing access to better equipment, machinery, and tools.
  • Transportation - Technology has helped to improve the transportation sector by providing real-time tracking and logistics management systems.
With all these benefits, technology has certainly played a crucial role in the growth of the Indian economy.
Answered a year ago
Amrita Preparing for Civil Services