What is the impact of technology on India's GDP growth

Explore the potential impact of technology on India's GDP and the roadmap to achieve 20-25% contribution by 2025-26.
The impact of technology on India's GDP growth has been significant in recent years. The widespread adoption of digital technologies, such as mobile phones, computers, and the internet, has helped to increase productivity and efficiency in many sectors of the economy. Here are some of the potential impacts of technology on India's GDP, along with the roadmap to achieve 20-25% contribution by 2025-26:
  • Increasing productivity: Technology has the potential to increase labor productivity and efficiency, leading to higher outputs and lower costs. Digital technologies can automate routine tasks, improve supply chain management, and enhance communication and collaboration.
  • Creating new jobs: The rise of technology-enabled services and e-commerce platforms are creating new job opportunities in India. Technology can increase skilling and employment opportunities in newer and emerging domains like data science, AI, and Cyber Security.
  • Encouraging innovation: Technology can encourage innovation and entrepreneurship in India. With a supportive policy environment, technology startups can innovate, create new products and services and even access funding from global investors.
  • Transforming sectors: Technology has the potential to transform traditional sectors like manufacturing, agriculture, health, and education. The application of automation, robotics, IoT, and cloud-based solutions can revolutionize legacy sectors and improve the quality of services rendered.
To achieve 20-25% contribution to GDP by 2025-26, India needs to focus on creating a supportive policy environment, increasing investments in R&D, and promoting technology-driven innovations and start-ups. Development of digital infrastructure, increased broadband penetration, and skilling initiatives would also be key enablers to leverage the power of technology in driving India's growth story.
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