Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium
Trust, convenience, and experience set up stumbling blocks to the online experience, stemming the country's digital thrust
A majority of over 2,000 apps have seen downloads in single or double digits only
Modi said when he first spoke about digital payments, people made fun of him but due to use of digital payments, benefits are reaching the people directly and the role of middlemen has been abolished
Digital India is about education, employment, entrepreneurship and empowerment. "It will help realise the objective of reform, perform, transform," he said.
Modi also stated the initiative has brought in a movement towards more digital payments
The digital communication policy must include a well-defined plan to build a robust, design-led domestic industry that is scalable, technologically contemporary and globally competitive
It will also push ahead to meet the ambitious goal of increasing the size of India's digital economy to USD 1 trillion in the coming years.
By the year 2021, around 60 per cent of the country's Gross Domestic Product (GDP) is expected to be derived from digital products and services. Created through the use of technologies such as Artificial Intelligence (AI), the Internet of Things and cloud computing, among others. So says a study commissioned by information technology major Microsoft. It says digital transformation will add an estimated $154 billion to our GDP by 2021. "India is clearly on the digital transformation fast track," says Anant Maheshwari, president, Microsoft India. Organisations, he said, are increasingly deploying emerging technologies such as AI and that will accelerate this change-led growth even further, with the application of this in sectors such as education, health care and agriculture. "(Such) Technologies can really solve some fundamental problems and if applied the right way, could unlock a lot of potential," Maheshwari told Business Standard. The catch, he says, is the need for a supportive ..
Source said a draft policy had been prepared by the Ministry of HRD in consultation with the Ministry of Electronics and Information Technology
Payments banks, which offer electronic remittances, financial advisory, online banking and more, offer immediate value to unbanked consumers
There is significant potential for brands to innovate with their offerings to drive online growth according to a report by Google and Boston Consulting Group
This transparency is good for the system, good for corporate India: Arun Jaitley
Bibek Debroy, who is Chief of the Economic Advisory Council to the Prime Minister has also flagged the need for an integrated logistics policy
RBI's May 2017 guidelines shifted the focus from branches to banking outlets
We in India, give primacy to the human face of technology, and are using it to improve what I call, 'ease of living', says PM Modi
It plans to train more than half a million people in the country by 2020 through these online training hubs
Online consumers spend twice more on FMCG purchases than offline consumers
An internal NCPI-commissioned study shows that adoption of BHIM and BHIM-Aadhaar are being hindered by implementation and design issues
The process of creating aspiration and putting youths on a skilling path has to be designed and executed in new formats