Technological advancements have had a significant impact on India's economy, leading to increased digitization and connectivity. Below are some of the impacts and challenges associated with it:

• Increased productivity and efficiency in various industries through the use of technologies such as artificial intelligence, automation, and machine learning.
• Development of a robust e-commerce sector, which has transformed the way businesses operate and interact with customers, resulting in greater market access and revenue generation.
• Increased financial inclusion, through the use of digital payments, which has led to greater formalization of the informal sector and boosted economic growth.
• Creation of high-paying jobs in the technology sector, which has contributed significantly to India's GDP and enhanced the country's reputation as a global technology hub.
• Challenges include a digital divide that hinders the benefits of technology from reaching low-income and rural areas, creating greater disparities.
• The impact of technology on employment, with the risk of job displacement due to automation and the emergence of the gig economy, which creates informal work and lacks labor protections.

Therefore, technological advancements have brought transformational changes to the Indian economy, but to ensure equitable growth, challenges like the digital divide and job displacement must be addressed.