What is the impact of technology on India's GDP and by what percentage is it expected to contribute in the next 5 years

Explore the correlation between technology and India's GDP.
The impact of technology on India's GDP has been significant over the years. In recent times, technology has played a vital role in transforming the Indian economy. Here are some key points that illustrate the correlation between technology and India's GDP.
  • Technology has led to the growth of several industries in India, including e-commerce, IT services, and digital payments.
  • It has made it easier for businesses to reach a wider audience, increasing their revenue and contributing to the GDP.
  • Automation and digitalization of processes have helped reduce costs, improve efficiency, and increase productivity, boosting the GDP.
  • Increased access to technology has resulted in the growth of startup companies, creating jobs and driving innovation.
  • According to a report by the World Economic Forum, technological advancements are expected to contribute to 60% of India's GDP by 2025.
Overall, the role of technology in India's economic growth cannot be understated, and it is expected to continue to drive significant contributions to the GDP in the years to come.
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