21 Dec India’s Focus on digital Infrastructure GS-3 TECHNOLOGY & GOVERNMENT INITIATIVES
India’s Focus on digital Infrastructure- Today Current Affairs
In recent times, millions of Indians have connected to the internet. This has been made possible due to the infrastructure investment in digital technology coupled with the expansion of low-cost smartphones which has eased its accessibility to many sections of the society in fact access to computer system has also increased dramatically among enterprises and households, which has led to the growth of internet consumption in digital digit.This digital transformation has paved way for the growing wave of technological entrepreneurship.
Present scenario: The Hindu Analysis
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Asia has become the modern hub for technological entrepreneurship.
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Asia leads the world in terms of manufacturing of smartphones as it constitutes 90% of the total manufacture.
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Asia is home to four of the world’s top 10 technology companies by market capitalisation.
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In terms of mobile and fixed broadband performance India is ahead of European countries, however it still lags behind china.
Need for digital transformation: The Hindu Analysis
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Digital transformation has initiated a change in landscape development.
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A constant expansion is seen in the number of services that can be transported digitally e.g banking, insurance claims, call centres,compiling audit,completing tax returns and much more.
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Digital world has transformed the way patients communicate with doctors and students access their high quality education via virtual classrooms.
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Jobs and hiring of employees are increasingly done online.
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Due to digital transformation, the service sector is growing much faster than the manufacturing sector.
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Growth convergence between India and the developed world is now much faster in the services sector as compared to the manufacturing sector.
Technology and New spatial trends: The Hindu Analysis
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In India the formal and organised sector has made a transition from urban areas towards rural areas.
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With the informal/ unorganised sector transitioning towards urban areas, technology has made the informal sector more tradeable.
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Low-tech services have grown exponentially in large cities.
Challenges- Today Current Affairs
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India digital transformation represents both the challenge and opportunity.
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There is a reduction in investment by more than 50% in 2019 due to shrinkage of private sector participation in infrastructure projects.
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Due to pandemic infrastructure the segment was hit hard and was brought to near standstill.
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In today’s globalised world, technological sluggishness could cost a heavy price in terms of development.
Way forward
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In order to fulfil the promises of digitalization there is a need to align financing and investment strategies.
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This could be accompanied by active participation of the policy makers, The World bank, The IMF and the UN.
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As the working age population in advanced countries is aging, India has the advantage of demographic dividend with a youth bulge.
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India alone produced more than 70% of the World science technology, engineering, and mathematics (STEM) graduates between 2016-2018.
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India can easily expand its role in the growing global market for digital transformation, technology services by increasing investment in human and physical-digital infrastructure, and increasing cooperation with local and global entrepreneur
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Plutus IAS Current Affairs Team Member
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