Today India is – Digital India, all thanks to our Prime Minister of India- Narendra Modi
This campaign has made the country digitally empowered in the area of technology. The regulated government of India has made his grounds over making the availability of government services electronically. The enhanced online infrastructure and by extending Internet connectivity has eased the work of citizen. In 25 years, there have been lots of advanced changes in India, it is leading the digital revolution. The level of poverty in India has been a drop from 22% in 2012 to 16% in 2019 even after the essential growth in population.
Introduction to the Digital Revolution of 2019
Digital Revolution is all regarding developing for better tomorrow. This change can have an influential impact in different ways on different societies, economies and above all humanity.
Not only that, but digitalization also modified the way information scattered across different sectors of the globe. Giving grounds for businesses to move forward beyond the national markets to other markets, thereby leading international markets, enhancing the interconnection of the world.
One of the signs of these shifting flows is the digital revolution in India that has been catching grip since smartphones and 4G streaming have grown commonplace within urban areas including many rural areas too. There are more than 200 million smartphone users and 550 million internet subscribers live in India in 2019. This trend is being advanced by important rural-to-urban movement as poor villagers explore opportunities in India’s advanced cities.
From 2014 the Indian government has taken active participation in bringing digitalization by various measures. Such an example is demonetization, it has gained global attention has been associated with short-term job losses and economic slowdown. However, it also shows compliance for government leadership to drive India’s digital transformation.
Looking into the factors of the digital revolution from 2014 India has grown to some other level of grounds, our government of India has taken various Digital Initiatives like e- payment, digital literacy and many more.
Digital initiatives of government
India has moved forward, in all sincerity, to growing an essential engine of the world economy, we are on the edge of a transformative opportunity for the country to gain global leadership. The country is experiencing a digital revolution that is triggering transformative developments in areas like e-payments, digital literacy, financial inclusion, geographic mapping, rural development, much more. So, let us discuss all the factors which have been updated from 2014 to 2019.
GI Cloud Program
This program is also known Meghraj, this is initiated by the Ministry of Electronics and Information Technology. The program intends to make a multi-level, national cloud-sharing foundation giving affordable, secure and safe data storage for all. The cloud erases financial boundaries and generates growth by services and product. Giving affordable options to own the expensive hardware needed for data storage. It is a robust catalyst for new- businesses, start-ups and non-profit organizations.
This initiative is more for the poor and underprivileged. Aims to render digital service to more people who usually not be ready to enter the digital world. Reaching digital services can play a tremendous role in overcoming poverty.
Government strategy is not the only driving constituent of the digital revolution in India. Changes in consumer refinements and function lie at the centre of the movement. India now makes up the biggest YouTube audience by country globally. Besides, Indians’ immense streaming habits win them another amount one ranking for monthly data usage, with smartphone users cooking through an average of 8.48 gigabytes per month.
Already many are expecting new market openings by India’s increasing streaming project. Global powerhouses Google, Facebook, Amazon and Netflix are all reportedly competing for a post in this emerging industry.
Now, this is something not everyone knows about it. This very graceful initiative of the Indian government. Online Labour Index (OLI) to state that India forms 24 % of the online labour market share (as of 2017), generating employment openings for software developers, data entry operators, online sales, and creative professionals.
There are various job openings in the logistics sector because of the e-commerce industry is expanding with new services on the supplier view. There is an expectation that in 2020 the e-commerce market will increase from at yearly rate f 51 % from Rs 2,484.9 billion in 2017 to Rs 8,526.5 billion. Also, offers the potential for jobs inked to warehouse management, content developers, and marketing professionals.
By Digital revolution, industries like stocks, mutual funds and other securities will develop more open to the crowds. It will not be a thought reserved for the urban states only.
Think today, even small villagers just by a few taps phone can invest in companies that are market. The digital revolution is for the mutual fund industry as well there are various choices for more active digital verification of KYC in mutual funds. Nowadays mutual funds are available online and one can easily apply their form or application realted to it. Get KYC done with 5-10 minutes.
Digital marketplaces have developed as a way to operate India’s large army of blue-collar workforce. The appearance of technology authorised aggregator business rules in sectors such as cab services, food delivery, hotel bookings and home service specialists has grown new jobs in India.
The digital revolution has provided a great opportunity for digital market-places as many start-ups are there which are building employment options. The number of tech start-ups in India has grown by 12-15% during the 2014-19 period, extending the requirement of new job positions in the fields of Big Data, analytics and cloud computing.
Also, there has been an expansion in jobs in the area of cybersecurity, social media services, and mobile application development.
The government led by Prime Minister Modi has identified the great potential of startups in changing the economy and unleashing tech-driven conversion. Besides favourable policies, the government shall try to examine more ideas to increase participation of India’s startups in the digital conversion. Today there are about to 21,000 startups in India, out of which about 9,000 are technology startups. Several of these are unicorns, holding a cost of over a billion dollars.