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.
- 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.
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