Digital transformation is key to India’s economic growth. Talent pool sets it apart

Representational Image | Pexels India is the fastest-growing economy in the world, forecast to overtake Japan and Germany to become the world’s third-largest economy by 2030 . Like every nation in 2023, India faces headwinds, including a pullback in foreign venture capital funding. But India’s forecasts remain strong, thanks to a demand-driven consumer economy largely insulated from global challenges, such as inflation. This means that, while the world is in the grips of another complex year, we are uniquely placed for significant economic growth. We are on the cusp of a once-in-a-generation growth opportunity and digital transformation is an essential fuel for our engine. Digital transformation is key to India’s economic growth The COVID-19 pandemic accelerated India’s digital connectivity. Today, our internet population is nearly double the entire population of the United States. That’s over 627 million people. This rapidly expanding connectivity amongst consumers is one of the reasons why technology is transforming all aspects of daily life – everything from education to food delivery has gone online. In fact, every citizen now has a digital locker, a ‘Digital Yatra,’ which unifies many of our services and payment needs. Indians are on a big digital journey. This growing consumer […]

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