Disitalisation and its contribution in the growth of country
Answers
Answered by
0
For digitisation to pervade across society, some key policy measures and infrastructure need to be in place
The central theme of the recent report on ‘Economic Outlook for Southeast Asia, China and India’, released by OECD development centre, is fostering growth through digitisation. The report indicates that ICT (information and communication technology) services embodied in manufacturing and services account for a considerable share of the value of exports from China, India and other Asian nations.Improved telecom and Internet penetration, availability of skilled manpower for providing IT services, entrepreneurship exhibited in building ICT start-ups, along with government embracing ICT in its operations and services are enabling India to play a significant role in the digital economy.The digitisation embodied in manufacturing and services improves efficiency, total factor productivity, spill-over effects, transparency and accountability. For example, e-commerce has improved logistics and supply chains; digital payment services have provided flexibility and transparency; digital identification services have enabled de-duplication and prevention of fraud; and digital learning platforms have augmented literacy. Though India pioneered offshore IT services to contribute to exports worth $150 billion, it is this wave of digitisation that has brought ICT services to the domestic market at large.
The central theme of the recent report on ‘Economic Outlook for Southeast Asia, China and India’, released by OECD development centre, is fostering growth through digitisation. The report indicates that ICT (information and communication technology) services embodied in manufacturing and services account for a considerable share of the value of exports from China, India and other Asian nations.Improved telecom and Internet penetration, availability of skilled manpower for providing IT services, entrepreneurship exhibited in building ICT start-ups, along with government embracing ICT in its operations and services are enabling India to play a significant role in the digital economy.The digitisation embodied in manufacturing and services improves efficiency, total factor productivity, spill-over effects, transparency and accountability. For example, e-commerce has improved logistics and supply chains; digital payment services have provided flexibility and transparency; digital identification services have enabled de-duplication and prevention of fraud; and digital learning platforms have augmented literacy. Though India pioneered offshore IT services to contribute to exports worth $150 billion, it is this wave of digitisation that has brought ICT services to the domestic market at large.
Similar questions