DIGITALIZATION IN INDIA: TRENDS AND CHALLENGES
Abstract
Digitalization is the method of changing information into a digital form. Currently, India ranks 36th at international levels, in internet inclusion (COAI, 2018). In August 2017, India’s broadband penetration was 23 percent. Since 9th November 2016 people in urban areas started to prefer net banking, credit/debit card, e-wallet/mobile app, cheque (NPCI, 2017). In 2016-17, India’s digital payments increased to 55 percent; against 28 percent in 2016 (NITI Aayog, 2018). The first section of the paper concentrates on studying the concepts of Digitalization. The second section identifies the digital payments in India, followed by the digital initiatives undertaken by the Government of India and concludes.
Keywords:
Digitalization, Digital Payments, Digital Technology, Indian EconomyDownloads
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