How Technology has Impacted India’s Economic Growth?

EM Admin
Jan 13, 2014
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Technology is the primary factor in improving a nation in every aspect related to its economy and livelihood. India has been gradually growing in technology; however, the increase in spending power among the Indian middle class has also accelerated the rapid adaptation of diverse technologies. (For more information about Technology & Business Transformation, you can read our Blog.

Technology Transformation

The immediate technological changes that are noticeable and have impacted India are as follows:

Mobile Internet

Mobile Technology has taken an aggressive step in terms of the number of users in India, which constitutes 10 per cent of the world's population, with more than 900 million people using the electronic device. There is an expected growth of more than 20 per cent in the usage of smartphones, which might reach up to 3 million by 2015. If you consider mobile advertising, it has grown to 96 per cent, which double growth since the first half of 2012.

Mobile retailing or purchase of products on mobiles has reached more than 11 per cent in India, which is projected to grow quickly.

Cloud Computing

The technology in the cloud has grown drastically in diverse fields such as biomedical informatics, huge virtual space management, business analytics, etc. Growth has been phenomenal, and traditional IT operations will not work as cloud technology is enhanced within a few years.

Recent top largest databases on the World Wide Web are Amazon, Choice Point and Sprint, which are measured in terabytes. Google comes in fourth position; AT&T comes at 5^thposition.

Consider this, more than 90 million searches are accounted for per day, and countless profiles are created every day for the same. Cloud technology has a significant progressive contribution in the business of every enterprise in India as well as abroad.

Automation Knowledge

There are new ways through technology to engage the bright and the talent pool of workers. Online talent sites such as oDesk and eLance help organizations identify workers with the needed skills and engage them in productive work. These sites are known as talent clouds, which are commonly used in the execution of projects related to market research, Business marketing, design, etc.

Conclusion

Cutting edge technology has impacted all industries in India, with cloud computing and automation knowledge creeping into every sector of the world. This has broadened many expectations from enterprises to adapt effectively to the changes in innovation in technology.