• Dr. Santosh Kumar Tripathi

Abstract India is also leading the world in payment system evolution. Enablers like Jan Dhan, Aadhaar, mobile penetration, and more recently, demonetization have created favorable conditions for large scale adoption of digital payment systems in India. With mass adoption of digital and biometric systems by 2020, the country is expected to leapfrog plastic payment systems and have the most advanced financial systems in the world. Digital India was formally launched by the Honourable Prime Minister of India on 1st of July, 2015. Digital economy refers to an economy that is based on digital computing technologies. The digital economy is also sometimes called the Internet Economy, the New Economy, or Web Economy .With campaigns like Make in India and Digital India, our country is, certainly, on the right track. Huge job opportunities are to be created in the IT sector with Tata group already announcing 60,000 jobs. This paper evaluates the impact of digitalization on Indian economy and it is found that digitalization of Indian economy enhanced the status of Indian economy and it is beneficial for long term. India, with its 65% population below 35 is a very young country, and thus, should modify itself into a potential hub for manufacturing and services sector. Digital networking and communication infrastructures provide a global platform over which people and organizations devise strategies, interact, communicate, collaborate and search for information but new applications are blurring these boundaries and adding complexity; for example, social media and Internet search.

Keywords: Indian Economy, Digital India, Digital Economy, Impact of digitalization on Indian Economy.

"DIGITALIZATION: STANDARDIZATION OF INDIAN ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.833-836, July-2018, Available :http://www.jetir.org/papers/JETIR1807847.pdf

"DIGITALIZATION: STANDARDIZATION OF INDIAN ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp833-836, July-2018, Available at : http://www.jetir.org/papers/JETIR1807847.pdf