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How has technology influenced the evolution of India's economy in recent years

Examine the role of technological advancements in shaping the economic landscape of India in the contemporary era.
  • Increased Internet penetration has facilitated e-commerce growth, leading to a booming online retail market in India.
  • Technological advancements have boosted productivity across various sectors, such as manufacturing, agriculture, and services.
  • Digital payment systems and fintech innovations have improved financial inclusion and access to banking services for millions of people.
  • The IT and software industry has flourished, becoming a key contributor to India's GDP through exports and job creation.
  • Automation and artificial intelligence are transforming industries, enhancing efficiency and competitiveness in the global market.
Overall, technology has played a vital role in driving economic growth and transforming India into a digital economy.
Answered a year ago
Naish Aspirants