How Digital Innovation helps in growth in India.
                     How Digital Innovation helps in growth in India
Introduction
• India is one of the biggest and fastest-growing markets for digital consumers with more 
than half a billion internet subscribers, but adoption among businesses is uneven. 
• As digital capabilities develop and networking becomes omnipresent, technology is 
poised to transform almost every sector of India's economy quickly and dramatically.
Source: Pixabay
Introduction to IT industry
• The IT industry contributes almost 9.5 per cent of India's GDP and is the largest private 
sector employer, producing some 3.5 million direct jobs and more than 10 million 
indirect jobs.
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History
• In July 2015, the Indian government launched the Digital India initiative to bridge this 
digital divide and provide a digital forum for inclusive development, with the goal of 
transforming India into a digitally empowered society and information economy.
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Key Elements
1. Digital infrastructure as a utility to every citizen,
2. Governance and services on demand, and
3. Digital empowerment of citizens
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Smart Vision
• When India transitions from a digital service provider to a smarter data user to make 
better decisions, it has much to gain by identifying a 'tech vision' by partnering with the 
World Bank and partner nations such when Singapore, South Korea and Estonia that 
are pushing the boundaries of cutting-edge innovation and digital development.
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The Growth Numbers
• 1.2 billion people enrolled in the world’s largest unique digital identity program
• 12.3 billion app downloads in 2018
• 1.17 billon wireless phone subscribers
• 560 million internet subscribers
• 354 million smart devices
• 294 million on social media
Source: Pixabay
Public and Private-sector
• Given these advances, India still has plenty of space to develop. Only about 40 percent 
of the population has a subscription to the Internet. 
• Although many citizens have digital bank accounts, 90 per cent of all Indian retail 
transactions are still made with cash by volume. E-commerce revenue is growing by 
more than 25 to 30% each year, but just 5% of India's trade is online, compared to 15% 
in China. 
Source: Pixabay
Growth Areas
• Digital strategy
• Digital organization
• Digital Capabilities
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Trending Technology
• For now, major corporations (> 5 billion rupees) are more likely to have the financial 
capital and skills they need to invest in certain emerging technology, such as artificial 
intelligence and the Internet of Things. 
• Yet can high-speed internet access and declining data costs can soon make some of 
these technologies accessible for owners of small businesses and even sole owners.
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Expected Economic growth
• Companies that evolve and quickly digitize would be well placed to take advantage of 
India 's huge, connected market, which by 2023 could include up to 700 million 
smartphone users and 840 million internet users. 
Source: Pixabay
Sector wise Economic Growth
• We 're seeing economic impacts in three different regions. 
• Firstly, there are key digital sectors such as IT-BPM, digital communications and 
manufacturing of electronics. Second, industries such as financial services, forestry, 
healthcare, logistics and manufacturing are newly digitized
Source: Pixabay