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International Journal of Research in Social Sciences
Year : 2019, Volume : 9, Issue : 6
First page : ( 347) Last page : ( 354)
Online ISSN : 2249-2496.

Impact of digitalization on Indian economy

Dr. Robin Anthonima K.*, Gupta Sagar**

*Asst. Professor, Dept. of Economics, St. Aloysius College (Auto.), Jabalpur

**P.G. Student, Dept. of Economics, St. Aloysius College (Auto.), Jabalpur

Online published on 27 September, 2019.

Abstract

The Digital India Programme, an initiative of honourable Prime Minister Mr. Narendra Modi, will transpire new development in every sector. The motive behind the concept is to build participative, transparent and responsive system. The Digital India drive is a dream project of the Indian Government to remodel India into a knowledgeable economy and digitally empowered society, with good governance for citizens by bringing management and co-ordination in public accountability, digitally connecting and delivering the government programs and services to mobilize the capability of information technology across government departments. India is one of the largest and fastest growing economies of the world, but what has been the most disturbing fact about its growth is that its growth has not only been uneven but also discrete. It has been uneven in the sense that there has been no uniformity in its growth performance and it has been discrete and disconnected with regard to growth and distribution of growth benefits to certain sectors of economy. Access to finance refers to the possibility that individuals or enterprises can access financial services, including credit, deposit, payment, insurance, and other risk management services. Access to financial inclusion allows the people to make investments to increase their source of income for smooth, safe and fulfilling lives. In spite of intense financial sector reforms in India, the picture of society in terms of access to financial services is changing very slowly. The present research paper is to make an assessment on the position of access to finance inclusion in India.

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