An Overview of How Emerging Digital Technologies Are Transforming Indian Businesses

Registration ID: IJNRD_205249

Published ID: IJNRD2309129

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VISHAL KESARI

Challenges, Digital transformation, E-Business, Opportunities

Indian companies' adoption of digital transformation has grown significantly in recent years, changing the economic landscape of the nation. India, one of the digital economies with the highest rate of growth in the world, has embraced technology to boost business productivity, enhance consumer satisfaction, and spur innovation across all sectors. India has seen a rapid adoption of digital technology in fields including e-commerce, fintech, healthcare, and education. Retail has been transformed by e-commerce behemoths like Flipkart and Amazon, allowing companies of all sorts to reach a bigger clientele. As a result of the democratization of financial services by fintech firms like Paytm, financial inclusion has increased. With its initiatives to digitize infrastructure and public services, the government's "Digital India" campaign has been instrumental in advancing digital transformation. The introduction of the biometric identification system known as Aadhaar has made it simpler to access government services and financial items. Furthermore, as companies adapted to remote labor and online consumer interactions, the COVID-19 epidemic drove digitization. Indian startups have prospered and attracted sizeable investments in industries including edtech, health tech, and agritech. However, issues including legislative barriers, cybersecurity, and digital literacy still exist. Digital transformation will continue to be a pillar of India's economic development, stimulating innovation and increasing its competitiveness on the global stage as businesses continue to evolve and make use of cutting-edge technologies like AI, IoT, and blockchain. This paper will outline the digital transformation of business in India, critically assess the challenges to the goals' effective execution, and then examine India's situation and the way forward.

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VISHAL KESARI (September-2023). An Overview of How Emerging Digital Technologies Are Transforming Indian Businesses. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(9), b264-b270. https://ijnrd.org/papers/IJNRD2309129.pdf

Volume 8 Issue 9, September-2023

Pages : b264-b270

Paper Reg. ID: IJNRD_205249

Published Paper Id: IJNRD2309129

Downloads: 000122254

Research Area: Commerce

Author Type: Indian Author

Country: LUCKNOW, UTTAR PRADESH, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2309129.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2309129

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