Digitization paving the pathway towards a New India

India, the largest democracy in the world has entered its 73rd year of independence today. In the past seven decades, the country has seen an unprecedented rise in the world of technology and digitization has been an important part of this revolution. With the advent of internet and increased usage of mobile phones, India made sure to have a radical shift with the usage of digitization in every possible sector. Be it education, healthcare, banking, travel, food, etc. we find mobile apps everywhere that has been only possible through digitization. If 90’s was the decade when the Indian economy boomed, we can surely say that the latter part of 2010’s has India taking giant steps in becoming a ‘Digital-first’ country.

We shall now see how digitization has made a positive impact on India through the years.

Effect on Democracy

Digitization has brought an unforeseen revamp in democracy. A positive action like linking the AADHAAR card has made it easier for the government to provide facilities which was earlier a painful task. With digitization, people are more aware of their rights and duties. They can now directly contact the government authorities for their queries using the official mobile apps or the Twitter handles. Digitization has made the citizens of India well informed about the importance of voting. The recently conducted general election is a prime example which record the highest ever voter turnout (67.11%). Even for the handicapped citizens, through digitization, government has been able to develop applications that could aid them in all the possible manners. The ‘differently able citizens’ in India constitute of 2.2% of the total population and with digitization, they too can have their say in the democracy.

Increase in Online Shopping

The E-commerce industry has in all means been the most favored industry during the rise of digitization in India. With increase of e-commerce app development, secured digital payment methods and trust has made the Indian shopper to rise above the brick and mortar shops and actually do shopping online. Flipkart, Snapdeal and other similar online shopping portals can now imagine and well of course become the Amazons and Alibabas of the world as India too has prolific e-commerce app development companies. Not only Indian startup, the flair of digitization has even brought the market giants to Indian shores as they see India as the most fruitful market. This has further nurtured the rise in the number of opportunities for FMCG sector.

Also Read: Why e-commerce Mobile App is trending today?

Positive effect on Economy

Digitization has been a pivotal force in developing Indian economy as it has created a plethora of job opportunity for the youth in India. The ‘Digital India’ initiative taken by the Indian Government has made them cut a lot of paperwork and streamline all the reform processes. Digitization has also helped in synchronizing manufacturing and availability of products. The country has also taken center stage in leading offshore IT services with a total exports worth $150 Billion with the help of digitization.

Growth in Public and Private Sector

The rapid improvement in public and private sector has actually been the fulcrum in implementing digitization in India. By digitizing GST (Goods and Service Tax), the government has streamlined all the transactions of around 10.3 billion and have put them under one umbrella. This has helped in creating a powerful platform and also helps the authorities to give incentive to the businesses following the process.

With private sector, the services have become more accessible through digitization. The growth of small business sectors in the states of Jharkhand and Bihar is helping in narrowing the economical gap between them and the big cities in India. Since internet is available at a relatively lower rate, the data consumption has increased by 152% annually which is higher than China and the United states. The online presence of the products has increased and thus has the revenues of the companies all around the country. Thus, India is making the most of the fourth industrial revolution as a developing nation in which digitization is playing an important role.

Widening horizon of Opportunities

We see a series of startups like Flipkart, Snapdeal, Swiggy, Ola, etc. to have bloomed and reached the pinnacle of their industry. Digitization has certainly helped the Indian youth to widen their horizons of possibility and has given them opportunities to work in different sectors. India’s IT industry is expected to cross the mark of $300 billion by the year 2020 and through digitization; the youth will have the access to harness this opportunity to the fullest. The SME (Small and medium scale enterprises) have also seen a steep rise in the era of digitization and thus have played a landmark role in increasing employment opportunities in the country. Digitization has increased the productivity without compromising the quality of the product at a much lesser production cost. And with a bright future, the country’s employment seems in safe hands with digitization.

Creating new Opportunities with Accessibility

Be it banking or healthcare or education, the mobile technology revolution has made everything just a click away for the Indian citizens. This has created opportunities for new businesses startups and employment opportunities focused on the very basic requirements. For instance:

· Have a hotel or room booking app developed to provide easy access for rooms available on rent.

· Have a travel planning app developed to help plan people plan their vacations.

· Have a food delivery app developed for those who want to order food from their favorite restaurant.

· Have a healthcare app developed to provide easy access for hospitals and healthcare services.

· Have a grocery delivery app developed for those who want to opt to get the groceries delivered at their doorstep.

· Have a real-estate app developed and be the mediator for those who are looking to buy and sell house or space to setup business.

· Have a tutoring or e-learning app developed for those who are looking to pursue education in a more convenient manner.

Well, the list goes on and such a setup will create a more win-win situation for everyone involved in the process. Not only it has provided convenience but has also created ample of opportunities for the youths in India to try their hands at new things that they are passionate about and take it forward. The banks have gone a step ahead with the banking apps and have virtually taken the bank to the people and in the process reduced the chances of human error.

Conclusion

India is no doubt a booming digital economy with nearly 20 cr smart phone and 33.1 cr internet users. But given the size of the population, the country still has a lot to offer and penetrate the digital market. Thus, through specific mobile app development, the companies can seize the opportunity to make it big. Also, the government has certainly realized this and is leaving no stones unturned in making full use of the untraded path.