{"id":7694,"date":"2024-06-30T14:50:50","date_gmt":"2024-06-30T13:50:50","guid":{"rendered":"https:\/\/icertpublication.com\/?page_id=7694"},"modified":"2024-07-07T09:39:48","modified_gmt":"2024-07-07T08:39:48","slug":"conceptualizing-digital-economy-unraveling-its-evolution-and-impact-in-india","status":"publish","type":"page","link":"https:\/\/icertpublication.com\/index.php\/shodh-sari-2\/shodh-sari-vol-3-issue-3\/conceptualizing-digital-economy-unraveling-its-evolution-and-impact-in-india\/","title":{"rendered":"Conceptualizing Digital Economy: Unraveling Its Evolution and Impact in India"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
Conceptualizing Digital Economy: Unraveling Its Evolution and Impact in India<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Devi, Bimla<\/span><\/p>

Assistant Professor, Department of Economics, Government College for Women, Hisar, Haryana<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Abstract<\/span><\/h1>\n

The present study is an exploration into the historical development of digital economy and its implications in Indian context. The study adopted explorative cum analytical research approach to garner insights into the subject matter. Secondary data sources including journals, books and government reports are main stay of the research to draw the precise inferences. In this context, the key inferences of the study have outlined that <\/span>the advent of technology advancements has significantly altered global socio-economic interactions. The evolution of the digital economy in India showcases a transformative journey marked by technological advancements, policy initiatives, and changing consumer behavior. India is quickly becoming the world’s leading country in the digital economy. Digital technologies, industries, and services exert a substantial influence as stabilizers, lubricants, and enhancers in comparison to the physical economy. As a result, they are regarded as pivotal approaches to mitigate the crisis and drivers of economic growth. Through a number of programmes, including Made in India, Startup India, and Digital India, the Indian government has been aggressively encouraging the use of digital technologies. These programmes seek to improve the adoption of digital technology across a range of industries, including healthcare, education, and agriculture, while also fostering an atmosphere that supports the growth of start-ups. India’s economy and society have been greatly impacted by the digital economy. It has increased production, produced jobs, and given more people access to opportunities and services. E-commerce, digital payments, and online education are just a few of the new industries and business models that have emerged as a result of the expansion of the digital economy.<\/span><\/p>\n


<\/i><\/span><\/p>\n

 <\/span>Keywords<\/span>:<\/span> <\/span>Development, Digital, Economy, Innovation, Technology<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Impact Statement\u00a0<\/span><\/p>

Impact of Digital India on education system:<\/span>
<\/span>
<\/span>There are many impacts of Digital India on education system, but I will list only important ones.<\/span>
<\/span>
<\/span>Positive impacts:<\/span>
<\/span>
<\/span>1. Great accessibility to information<\/span>
<\/span>
<\/span>2. Develops Inquire based learning<\/span>
<\/span>
<\/span>3. Develops Problem based learning<\/span>
<\/span>
<\/span>4. Develops Project based learning<\/span>
<\/span>
<\/span>5. Great exposure<\/span>
<\/span>
<\/span>6. Reduces the cultural gap and removes the boundary<\/span>
<\/span>Negative Impacts:<\/span>
<\/span>
<\/span>1. Information Authenticity – Getting confused with the right and wrong information\u2019s<\/span>
<\/span>
<\/span>due to information authenticity<\/span><\/p>

2. Copyrights issue \u2013 Unknowingly one can be culprit, just by copy and paste.<\/span>
<\/span>
<\/span>3. Irrelevant advertisements will derail your info hunt.<\/span>
<\/span>
<\/span>4. Data security \u2013 Root cause of next world war is not because of land, water, power or<\/span>
<\/span>
<\/span>any other greediness. It\u2019s just because of data infiltration\u00a0<\/span><\/p>

\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

About Author<\/span><\/p>

<\/span><\/p>

Ms Bimla Devi, assistant professor in economics, government College for women Hisar, state Haryana<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
                                                                                                                 References<\/h6>
  1. Afonasova, M. A., Panfilova, E. E., Galichkina, M. A., & \u015alusarczyk, B. (2019). Digitalization in economy and innovation: The effect on social and economic processes. <\/span>Polish Journal of Management Studies<\/span><\/i>, <\/span>19<\/span><\/i>(2), 22\u201332. <\/span>https:\/\/doi.org\/10.17512\/pjms.2019.19.2.02<\/span><\/a><\/li>\n
  2. Angus, D., & Dreze, J. (2002). Poverty and inequality in India: A re-examination. <\/span>Economic and Political Weekly<\/span><\/i>, ISSN: 3729-3748.<\/span><\/li>\n
  3. Bagchi, S. (1999). Indian software industry: The people dimension. <\/span>IEEE Software<\/span><\/i>, <\/span>16<\/span><\/i>(3), 62\u201365. <\/span>https:\/\/doi.org\/10.1109\/52.765789<\/span><\/a><\/li>\n
  4. Bhagat, U., & Mallick, H. (2023). Understanding the structural dynamics of aggregate demand components and economic growth in India. <\/span>Economic and Political Weekly<\/span><\/i>, <\/span>58<\/span><\/i>(7).<\/span><\/li>\n
  5. Brynjolfsson, E., & McAfee, A. (2014). <\/span>The second machine age: Work, progress and prosperity in a time of brilliant technologies<\/span><\/i>. W. W. Norton, and Company.<\/span><\/li>\n
  6. Chandwani, N. (2023). Digital economy has a New Global Captain \u2013 India. <\/span>Times of India<\/span><\/i>. <\/span>https:\/\/timesofindia.indiatimes.com\/blogs\/desires-of-a-modern-indian\/digital-economy-has-a-new-global-captain-india\/<\/span> (<\/span>Online. 2023. April 05<\/span><\/i>).<\/span><\/li>\n
  7. Chenery, H. B. (1982). <\/span>Industrialization and growth: The experience of large countries<\/span><\/i> (No.<\/span><\/li>\n
  8. Chitra, R. (2017). Cash still king as digital payments inch up slowly. <\/span>Times of India (Online: Novemeber-08-2017)<\/span><\/i>. <\/span>http:\/\/timesofindia.indiatimes.com\/articleshow\/61554102.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst<\/span><\/li>\n
  9. Davenport, & Harris. (2007a). <\/span>Competing on analytics: The new science of winning<\/span><\/i>.<\/span><\/li>\n
  10. Davenport, T. H., & Harris, J. G. (2007b). <\/span>Competing on analytics: The new science of winning<\/span><\/i> (1st ed.). Harvard Business Review Press, ISBN: 1422103323.<\/span><\/li>\n
  11. Dhore, A., V.D. Joshi, K., A. H., & Baral, S. K. (2023). Digital payments transformation in India: Trends, issues, and opportunities. <\/span>Islam<\/span><\/i> Q. T. Goel, R., & T. Singh (Eds.) Fostering Sustainable Businesses in Emerging Economies. Emerald Publishing Limited, 247\u2013257. <\/span>https:\/\/doi.org\/10.1108\/978-1-80455-640-520231015<\/span><\/a><\/li>\n
  12. SWP539. <\/span>growth-the-experience-of-large-countries<\/span><\/i> p. 1. Retrieved from The World Bank website. http:\/\/documents.worldbank.org\/curated\/en\/943471468741380757\/Industrialization-and-<\/span><\/li>\n
  13. Guha, R. (2017). Digital evolution in India. <\/span>Business Today<\/span><\/i>. <\/span>https:\/\/www.businesstoday.in\/opinion\/columns\/story\/digital-evolution-in-india-83265-<\/span> Retrieved 2017\/8\/29 (<\/span>Online. 2017. August 29<\/span><\/i>).<\/span><\/li>\n
  14. Kaka, N., Madgavkar, A., & Kshirsagar, A. (2019). <\/span>Digital India \u2013 Technology to transform a connected nation (Issue March)<\/span><\/i>.<\/span><\/li>\n
  15. Lin, Y., & J. (2009). <\/span>Economic development and structural change<\/span><\/i> (pp. 1\u201314). World Bank.<\/span><\/li>\n
  16. Luvy. (2019). Impact of digital India by 2019. <\/span>International Journal of Scientific and Engineering Research<\/span><\/i>, <\/span>9<\/span><\/i>(4), 1285\u20131288.<\/span><\/li>\n
  17. Lyotard, J. F. (1984). <\/span>The postmodern condition: A report on knowledge<\/span><\/i>. Manchester University Press.Fu, Fu, F., Liu, L., & Wang, L. (2008). Empirical analysis of online social networks in the age of Web2.0. <\/span>Physica A<\/span><\/i>, <\/span>387<\/span><\/i>(2\u20133), 675\u2013684. <\/span>https:\/\/doi.org\/10.1016\/j.physa.2007.10.006<\/span><\/a><\/li>\n
  18. Mittal, S., & Damle, M. (2020). Digital India transformation: Moving India Forward. <\/span>Pal Arch. Journal of Archeology of Egyotology\/Egypt<\/span><\/i>, <\/span>17<\/span><\/i>(6), ISSN 1567-214X.<\/span><\/li>\n
  19. Organization for Economic Co-operation and Development. (2014). <\/span>Measuring the digital economy: A new perspective<\/span><\/i>. OECD Publishing. <\/span>https:\/\/doi.org\/10.1787\/9789264221796-en<\/span><\/a> Press Information Bureau (2023). Digital Transactions in India. PIB (<\/span>Release ID: 1897272<\/span>), Dated 08-Feb-2023 Rajeshwari, R. R. & Leela, M. H.       (2022). A Study on Impact of E-Commerce on Indian Economy<\/span><\/li>\n
  20. Government initiatives, opportunities and challenges. (June 2022). <\/span>International Journal of Research<\/span><\/i> Publication and Reviews, <\/span>3<\/span><\/i>(6), 183\u2013188.<\/span><\/li>\n
  21. Singh, K. J., Kalotra, A., & Kaur, I. (2023). Mapping Personalized Marketing: A bibliometric analysis. <\/span>Shodh Sari<\/span><\/i>, <\/span>02<\/span><\/i>(03), 372\u2013386. https:\/\/doi.org\/10.59231\/sari7613<\/span><\/li>\n
  22. Raju, R. S., Singh, S., & Khatter, K. (2017). Aadhaar card: Challenges and impact on digital transformation. <\/span>http:\/\/arxiv.org\/abs\/1708.05117<\/span><\/li>\n
  23. Sun, J., Kwek, K., Li, M., & Shen, H. (2021). Effects of social mobility and stringency measures on the COVID-19 outcomes: Evidence from the United States. <\/span>Frontiers in Public Health<\/span><\/i>, <\/span>9<\/span><\/i>, 779501. <\/span>https:\/\/doi.org\/10.3389\/fpubh.2021.779501<\/span><\/a><\/li>\n
  24. Szirmai, A. (2008). <\/span>Explaining success and failure in development<\/span><\/i>, <\/span>46<\/span><\/i>.<\/span><\/li>\n
  25. T, R., B, S., M, S., & R, R. (2019). Impact of digital payments on economic growth: Evidence from India. <\/span>International Journal of Innovative Technology and Exploring Engineering<\/span><\/i>, <\/span>8<\/span><\/i>(12), 553\u2013557. <\/span>https:\/\/doi.org\/10.35940\/ijitee.L3432.1081219<\/span><\/a><\/li>\n
  26. Vasal, V. (2018). Evolution of digital economy and taxation challenges. <\/span>Live-mint (online: October 13-2018)<\/span><\/i>. <\/span>https:\/\/www.livemint.com\/Politics\/7fPthmfawKPnhF2IsufkmL\/Evolution-of-digital-economy-and-taxation-challenges.html<\/span><\/li>\n
  27. Vu, K. M. (2011). ICT as a source of economic growth in the information age: Empirical evidence from the 1996\u20132005 period. <\/span>Telecommunications Policy<\/span><\/i>, <\/span>35<\/span><\/i>(4), 357\u2013372. <\/span>https:\/\/doi.org\/10.1016\/j.telpol.2011.02.008<\/span><\/a><\/li>\n
  28. Westerman, G., Bonnet, D., & McAfee, A. (2014). The nine elements of digital transformation. <\/span>MIT Sloan Management Review<\/span><\/i>, <\/span>7<\/span><\/i>, 1\u20136.Zalewski, IR, & Skawisnka, E. (2009). Impact of technological innovations on economic growth. <\/span>Systemics, Cybernetics and Informations<\/span><\/i>, <\/span>7<\/span><\/i>(6), 2\u20136.<\/span><\/li>\n
  29. Bora, R. (2023). Challenges and emerging trends in cyber security. <\/span>Shodh Sari<\/span><\/i>, <\/span>02<\/span><\/i>(03), 26\u201341. https:\/\/doi.org\/10.59231\/sari7590<\/span><\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
    \n\t\t\t\t\t\t
    \n\t\t\t\t\t
    \n\t\t\t
    \n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Conceptualizing Digital Economy: Unraveling Its Evolution and Impact in India Devi, Bimla Assistant Professor, Department of Economics, Government College for Women, Hisar, Haryana Abstract The present study is an exploration into the historical development of digital economy and its implications in Indian context. The study adopted explorative cum analytical research approach to garner insights into […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":7443,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-7694","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/7694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/comments?post=7694"}],"version-history":[{"count":19,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/7694\/revisions"}],"predecessor-version":[{"id":8275,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/7694\/revisions\/8275"}],"up":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/7443"}],"wp:attachment":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/media?parent=7694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}