In the last few years, India has moved into the future at an unprecedented rate. But this nation of over a billion people still has a long way to go to reach its full potential, according to an article published in the January issue of Human Resource Executive (HRE), a US-based management magazine.
India’s digital pathway is already moving at an unprecedented rate. While the country still has a long way to go to reach its full potential, it has evolved from a low-cost provider of IT and business services into a leader in e-commerce that is challenging China for foreign investment in the region.
India is moving into the future at an unprecedented rate. The country has opted to take a digital path to doing business, with India having more than 800 million smartphone users and evolving into a major technology hub that is attracting global firms such as Apple (in manufacturing), Google and Microsoft.
Despite the country’s accelerated growth and economic progress, India still has a long way to go, said an article published in The Harvard Business Review by Abhijit Iyer-Mitra , Partner at Seedfund and founder of Digital Fuel Monitor, who was recently appointed by the government as an advisor on startup policy.
Despite India’s rapid economic and technological growth, there are concerns that it may lag behind other countries in some key areas. The article emphasised the country’s infrastructure gaps and its dependence on imported technologies.
India is on a path to becoming one of the most digitally enabled economies in the world, with an ambitious goal of connecting 900 million people to its digital ecosystem by 2020.