DIGITAL TRANSFORMATION IN INDIA

Abstract

Digital technologies and platforms can reduce transaction costs for businesses and facilitate access to new customers, both in domestic and foreign markets. Digitalization has a massive impact on the economic field, which plays a vital role in the development and advancement of society. Digitalization also plays a central role in extending the reach and impact of frontier technologies, many of which show great potential to enable the achievement of the Sustainable Development Goals. Government should focus on the improvement of digital infrastructure in the rural areas for the innovation of new generation technologies. Digitalization helps networking of people and things and the convergence of the real and virtual worlds that is enabled by information and communication technology.