ARCHIVES
VOL. 2, ISSUE 2 (2020)
Digital economy of India, challenges and prospects
Authors
Pappu Kumar Paswan Research Scholar
Abstract
Every day people, businesses, organizations, communities and the Government use digital technology to make decisions, to make goods and to deliver services more efficiently and more quickly. Digital Economy refers to an economy that is based on digital technologies. The growth integration and sophistication of information technology and communications is changing our society and economy. Digital technology in the form of the personal computer and the internet has already transformed work, education, government, entertainment, generating new market opportunities and having a major economic impact across a broad range of sectors. The Indian digital economy is not a conventionally marketed economic activity, and GDP figures do not take account of economic benefits of the digital economy, such as time saved, increased choice, and lower cost of products. Technology is going to revolutionize or is already revolutionizing business, transforming virtually all aspects of the economy and society. The digital economy is the new productivity platform that some experts regard as the third industrial revolution. Digital revolution, also known as The Internet Economy or Internet of Everything is expected to generate new market growth opportunities.
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Pages:61-64
How to cite this article:
Pappu Kumar Paswan Research Scholar "Digital economy of India, challenges and prospects". International Journal of Finance and Commerce, Vol 2, Issue 2, 2020, Pages 61-64
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