Vol. 5, Special Issue 4, Part D (2019)

Abstract
The purpose of this paper is to study about the impact of digitalization on the Indian economy. Digitalization has been a Governmental initiative to give all services to every citizen on their web portals or electronically, to make the transactions transparent and smooth. It helps in transforming business landscapes and the world of work, and redefining the boundaries of production, consumption and distribution. This has created tremendous opportunities, as new products, processes and techniques have emerged. India is the fastest growing economy in the world. Indian economy is growing at a fast pace that requires the people to be financial literate to take judicious decisions. 1st July, 2015 is a day when an initiative was being taken by our honourable Prime Minister Narendra Modi towards “Making India Digital”. The campaign aimed to connect rural areas with high speed internet network and to improve the digital literacy. Digitalisation is radically reshaping business landscapes and the nature of work, as well as redefining the boundaries of production, distribution and consumption. Technology-driven innovations are transforming both manufacturing and services sectors through the increasing incorporation of artificial intelligence and automated systems for example online platforms, robotics, machine learning, big data, etc. These trends represent both threats and opportunities for employers and employees, who need to adjust work organisation, job allocation and skills. This paper will help to understand the concept of digitalization and its impact on the Indian economy.