The programme has made significant contributions to the economy by improving digital infrastructure and connectivity. As digital capabilities improve and connectivity becomes omnipresent, technology is poised to quickly and radically change nearly every sector of India’s economy. That is likely to both create significant economic value and change the nature of work for tens of millions of Indians .

Dr Chuck A Arize thank you for your contribution to the discussion

As per the RBI, the share of India's core digital economy6 increased from 5.4% of GVA in 2014 to 8.5% in 2019. In US dollar terms, India's digital economy exhibited a growth rate of 15.6% over the period 2014 to 2019, which was 2.4 times the growth of the Indian economy. The digital economy has helped businesses become more efficient as they now have access to better tools and technologies and can even use data to get the best results. Generates new jobs the digital economy has generated new job opportunities as there is an influx of new businesses and startups. The Make in India initiative has improved the electronic manufacturing sector in India. Digital India plan could boost GDP up to $1 trillion by 2025. Healthcare and education sector has also seen a boost. Improvement in online infrastructure will enhance the economy of the country.The economic impact of digitalization can be seen across the Indian economy. India's core digital economy share in GVA increased from 5.4% in 2014 to 8.5% in 2019, with a digitally dependent economy estimated to be around 22% of GDP in 2019. The digital economy is the worldwide network of economic activities, commercial transactions and professional interactions that are enabled by information and communications technologies (ICT). It can be succinctly summed up as the economy based on digital technologies. The pillars of Digital India project are Universal Access to Mobile connectivity, Broadband Highways, public Internet access, e-Governance, e-Kranti, Global Information, Electronics Manufacturing, IT Training for Jobs, and Early Harvest Programmes. A successful digital transformation should lead to higher employee engagement by empowering employees to make informed decisions quickly, which allows them to experience a collaborative work environment that enables them to share innovative ideas that lead to healthy business growth. When you automate more of the time-consuming, menial tasks, this leaves your employees with more time to focus on strategic work that can help your team achieve successful business outcomes, and spend less time on work about work. Digital transformation generates faster, simpler and more efficient processes and workflows. Creating automated digital workflows, designed to manage information, gives employees time to focus on business value-added activities and develop assigned projects and tasks faster. So, yes, digital tools make us more productive at work. And they do this by simplifying some of the mundane tasks we're used to. But all this depends on how you use it as technology can be both positive and negative. Based on the findings of this study, it is evident that digital transformation, customer experience, and IT innovation positively impact a firm's performance, with customer experience exhibiting the strongest effect.

Dr Rana Hamza Shakil thank you for your contribution to the discussion

A successful digital transformation should lead to higher employee engagement by empowering employees to make informed decisions quickly, which allows them to experience a collaborative work environment that enables them to share innovative ideas that lead to healthy business growth. When you automate more of the time-consuming, menial tasks, this leaves your employees with more time to focus on strategic work that can help your team achieve successful business outcomes, and spend less time on work about work. Perhaps the biggest way that technology can improve productivity is through time-saving tools. This is especially evident with automation. By taking mundane or repetitive tasks out of the hands of employees, you can free them up to do more creative work. Advances in digital technologies hold considerable potential to lift the trajectory of productivity and economic growth, and to create new and better jobs to replace old ones. As much as two-thirds of potential productivity growth in major economies over the next decade could be related to the new digital technologies. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on. However, the mechanisms through which technology is developed, adopted and used in production are complex. So, yes, digital tools make us more productive at work. And they do this by simplifying some of the mundane tasks we're used to. But all this depends on how you use it as technology can be both positive and negative. As per the RBI the share of India's core digital economy6 increased from 5.4% of GVA in 2014 to 8.5% in 2019. In US dollar terms, India's digital economy exhibited a growth rate of 15.6% over the period 2014 to 2019, which was 2.4 times the growth of the Indian economy. The digital economy has helped businesses become more efficient as they now have access to better tools and technologies and can even use data to get the best results. Generates new jobs: The digital economy has generated new job opportunities as there is an influx of new businesses and startups. The contribution of the internet economy to India's technology sector is set to expand, from the present 48% to 62% in 2030,” the report said. Simultaneously, the internet economy will go from contributing 4–5% to the Gross Domestic Product to more than double that number, nearly 12–13%.