What will impact of digital India mission on PPC of an economy??
Answers
Digital India agenda will drive to advancement in technology. Excellent technology in the understanding of augmented online foundation and internet connectivity will enhance the composition capability of the marketplace. Subsequently, the PPC will displace to the right from M to N.
So, when expenses increase by making in India operations, it will originate PPC move rightward as production will advance. It outlines commercial growth. Expansion in an economy's prolific potential can be determined by an outward transformation in the economics Production Possibility Frontier (PPF).
The Impact of Digital India mission on PPC of an economy is that it is shifted right side after evaluation of digital India mission.
Explanation:
PPC stands for production Possibility Curve mapping the production on the X-axis and production of another good on Y-axis. Digital India will lead to technology improvements and production capacity.
Online infrastructure has impacted the digital India in the most astonishing way. Competition have been increased and products have become better because of advancement if the technology. Time can be saved and cost can be reduced because of technology advancements. Transparency have been maintained in the well-organized way.