Essay – Digital economy for empowered India
Digital economy for empowered India Essay: Digital India is a significant campaign for making India digitized through all its services and facilities. The aim of this program is to bring all facilities available among citizens of India. Digital India is mainly associated with economic services for uplifting the usage of digital platforms among people. With the increased usage of digital economy India will be developed in adopting technology in various aspects of their life. Prime minister of India Narendra Modi started the mission digital India on July 1, 2015 for connecting the whole India with all government services through technology. With this initiative normal citizens have been encouraged to use technological facilities for various economic services and operations. It is a great initiative for developing the economic perspective of our country which will definitely upgrade the overall economic status of India. With the initiative digital economic India will be empowered not only in technology but also in economics. The government of India is hopeful to bring all parts of the country under one umbrella through economic services and create better opportunities of improvement. In this essay, we will discuss the various purposes of initiating digital economy and its overall effects within the country’s economy.
Components of digital economy:
The first step of starting digital economy is to develop infrastructure related to economic services specifically in rural parts of India. Through the government body of electronic network the execution of broadband connection has been completed in the entire country. Now people from any part of India can access internet based upon their needs. With the extensive network and improved connection people have become able to use digital mode of economic services like payments, selling and buying in major sectors. Through digital India program citizens have got all government services in digital platforms. Now, the transformation from physical to digital mode has become easier with the medium digital economy. All ministries of the government are linked under digital India program where people will find all departments for various services according to their needs. People can get all services like banking, electricity bills, cylinders, healthcare, education, water and judicial services through digital India initiative. All the monetary transactions are converted into digital mode where people do not need to go in specific departments and spend their valuable time. To ensure transparency in digital mode payment and stop the corruption during transaction the whole system is completed by one time password. So, we all should adopt the developed measure as a sign of our own improvement and bring India one step ahead towards development through economy.
Major initiatives:
Besides Indian citizens, government officials the digital economy has been supported in the whole world largely. The renowned technology giants all over the world like Microsoft, google, apple, Facebook etc. have supported the initiative. Like google promised to increase the broadband connectivity into 500000 villages within the country. Microsoft has taken steps for making India its cloud hub through the Indian data centres. Oracle has also planned to invest in 20 states for working with smart city initiatives and payments. Various mobile apps and websites like mygov.in, UMANG, agri market app, BHIM, crop insurance, EPFO, start up India portal have been develop for increasing digital transactions, business and solving queries related to economic services. The government of India has converted UPI into all digital payments system through its significant technology interface for providing people complete assurance about digital payments. People can use one common UPI for paying through all digital transaction options. Banking sector has also upgraded all facilities like mobile banking, internet banking etc. for which customers now do not need to go their official bank branches. They can overview their all banking operations through online mode and can manage all operations via online mode only. We can easily book tickets, doctor’s appointments, bill payments, buy groceries, medicines, withdraw salary or pension, sell property through online mode. With the extensive structure of digital mode in overall economy of the country has given greater impact to develop it larger level over the past few years. As a responsible citizen we should use digital economy more in our living for enhancing the economy of the country.
Benefits for empowering India:
Digital economy has made healthcare sector more accessible now as one can check availability of doctors, book appointments, payment fees, diagnostic tests, online registration to hospitals and detail treatment plan. Education has become easier for candidates as they can check top institutions, its charges, offering courses and detain admission schedule through official websites. Consumers can buy anything from online shopping portals whenever and wherever they need. They can pay through UPI and do not need to worry about having cash. All the financial transactions have become possible through digital payment modes where citizens do not need to worry about fraudulent and black marketing in services. The initiative digital economy has brought revolution of change in Indian economy over various cities, villages and even remote areas. Digital economy has been proved such a big initiative for transforming India into a digital empowered country. Various schemes like e-health, e-education, digital locker, internet banking, e-sign, and national scholarship portal have been started based upon digital economy. Both the consumers and service providers have been benefitted through digital economy as the design of the initiative is made like this way. Consumers feel confused before for paying through UPI as there are several digital payment options. After fixing one UPI for one consumer the digital payment option has become easier and they have started adopting digital payments more.
Conclusion:
Digital India initiative aimed at overall growth of India through social and economic infrastructure. The development of economic activities has created the paths of financial achievement by giving easy access in financial services, banking services and digital payments. Only information, communication and electronic technology are not enough for developing a nation in the international level. For that including digitization in economy has been proved a successful step to empowering the country economically where larger aspects are related to economy. It has become an effective and conducive journey for us to adopt digital economy as it saves lots of our time. The government sectors will also be flourished and development through major scale development in economy of India.
FAQs:
- What is digital economy?
Answer. Digital economy is a government initiative under digital India program for bringing technological development in economic services and providing benefits to citizens.
- Do we adopt digital economy for empowering India?
Answer. Yes, our little step of adopting digital payments will show big impact in developing the overall economy of the country. For that we must take step from our side for empowering the country.
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