What impact do technological advancements have on India's economy
Analyze the influence of technological advancements on the economy of India.
- Increased productivity: Technological advancements have led to improvements in manufacturing processes and automation, boosting productivity levels in various industries.
- Job creation: Emerging technology sectors such as IT, biotechnology, and e-commerce have created numerous job opportunities for skilled professionals.
- Global competitiveness: India's tech-savvy workforce and innovation capabilities have enhanced the country's competitiveness on the global stage.
- Improved infrastructure: Technology has played a key role in developing better infrastructure, such as digital payments systems and smart cities, leading to overall economic growth.
- Efficiency and cost-saving: Implementation of advanced technologies has enabled businesses to operate more efficiently, reduce costs, and improve profitability.
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10 months ago