• Dr. Meena Rani

Digitalization is a big technological change which is underway and how countries adopt these technologies will lay the groundwork for the coming decades. It will increase economic efficiency and competitiveness, creating new businesses and products, and addressing challenges relating to increasing financial inclusion, improving governance and reducing disparities. For India, digitalization is especially important given the large population, with over 60% living in rural areas. Connecting the country together allows for greater access to the benefits and opportunities of a modern economy to a larger number of citizens, thereby bridging the economic divide. Further, the adoption of advanced technologies, such as AI, Machine learning, blockchain, cloud computing, among others, will improve the efficiency of Indian businesses, making them globally competitive, explore new markets, create new business models, and position them for strong growth over the next few decades. Digitalization transforms the traditional concepts of economic growth and competitiveness. This article studies the effect of digitalization on Russia’s economic growth. As indicators measuring the impact of digitalization processes on economic growth, the study used the Gross Domestic Product per capita, the Global Competitiveness Index, the Index of Digital Life, the Digital Adoption Index, and the Resilience Index. Their in-depth examination based on a three-pronged model showed that the state of the macroenvironment and the readiness of the population for digital transformation do not allow digital technologies to affect the economic growth rate seriously.

Digital transformation; Digitalization

"IMPACT OF DIGITALIZATION ON ECONOMIC GROWTH OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 12, page no.i215-i219, December-2023, Available :http://www.jetir.org/papers/JETIR2312826.pdf

"IMPACT OF DIGITALIZATION ON ECONOMIC GROWTH OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 12, page no. ppi215-i219, December-2023, Available at : http://www.jetir.org/papers/JETIR2312826.pdf