What impact does technological advancement have on the economy of a developing country like India
Discuss the relationship between technology development and economic growth in developing nations.
- Technological advancement in developing countries like India can lead to increased productivity and efficiency in various sectors such as agriculture, manufacturing, and services.
- Improved technology can attract foreign investments and boost exports, contributing to economic growth and job creation.
- Access to better technology can enhance the quality of education and skill development, creating a more skilled workforce that can drive innovation and competitiveness.
- Technology development can also improve infrastructure, healthcare, and communication systems, leading to overall development and improved living standards.
- However, challenges such as the digital divide and the need for upskilling the workforce must be addressed to ensure that the benefits of technology reach all segments of society.
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a year ago