Digital has played a special role as a catalyst for our economy


Source: livemint.com livemint.com

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The indispensability of digitalization as a foundation for almost every activity in an economy is well acknowledged. Growing internet penetration, affordable data, technological innovations and, above all, the government’s thrust on digital infrastructure is ensuring faster delivery, better targeting and improved accountability. The digital impact: During the period 2014 to 2019, India’s core digital economy increased from 5.4% to 8.5% of gross value added (GVA). The digital economy grew 2.4 times faster than the overall economy during this period. The digitally dependent economy accounted for around 22% of the total economy in 2019, as per a Reserve Bank of India...