TITLE – DIGITAL INDIA
AUTHOR – SULAIMAKHATUN SIDDIQUI
LITERATURE REVIEW
1. DIGITAL INDIA
Digital India Programme is a vision to transform India into digitally empowered society. Their main motto is “Faceless, Paperless, Cashless” This activity incorporates to rural regions with fast web system. This programme includes developing digital infrastructure, transforming into digital services. Digitalization is a need for the present world and this leads to the development of the mechanical advances.
REFERENCE – Shivangi Goel & Dr. Vikas Kumar, 2019. “Digital India – A Growth Engine for Growing India,” Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 14(1), pages 31-36, April.
2. DIGITAL PAYMENTS AND FINANCIAL INCLUSIONS
Digital Payment System is playing a crucial role in promoting financial inclusion programme. The study finds that all items of digital payments such as RTGS, PPIs, EFT/NEFT, IMPS, PoS, debit and credit cards are increasingly being used in India. The Performance of financial inclusion indicates contribution of public sectors bank. The overall performance of digital banking indicates that digital payment is an essential part of financial inclusion in India.
REFERENCE – Sethy, Susanta Kumar, 2019. “Connecting the dots: Digital payments and financial inclusion in India,” Journal of Digital Banking, Henry Stewart Publications, vol. 4(3), pages 254-267, December.
3. DIGITALLY EMPOWERED VILLAGE
Digitalization is the need of the era. The Government of India has been taking numerous initiatives. The Akodara village in Gujarat is the first digital village in India. ICICI bank has adopted this village. The purpose of this is to make people aware about the digitalization initiative taken by the government and banks of India.
REFERENCE – Deepika Saxena & Navneet Joshi, 2019. “Digitally Empowered Village: Case of Akodara in Gujarat, India,” South Asian Journal of Business and Management Cases, , vol. 8(1), pages 27-31, April.
4. DIGITIZATION IN AUTOMOTIVE
Digitization is the motivating force behind every aspect of consumer behaviour. The automotive industry is standing on the edge of the digital era. Digitization will play and important role in upcoming years such as artificial intelligence. The selling of automotive products is increased after adoption of more advanced technology.
REFERENCE – Rizwan Khan & Mohd Taqi & Amma Saba, 2021. “The role of digitization in automotive industry: The Indian perspective,” International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 3(4), pages 20-29, October.
5. DIGITAL FINANCE IN UK,US, INDIA AND NIGERIA
Using data from the global financial development indicators, the findings reveal that the UK and US have higher digital finance usage than India and Nigeria. US has higher credit card usage compared to the UK while the UK has higher debit card usage compared to the US. Nigeria has higher debit card usage than India. Higher debit card usage is correlated with higher domestic credit to the private sector. Higher debit card usage is correlated with higher domestic credit to the private sector. Developing countries should develop the digital finance and payment systems in their countries to close up the wide gap in digital finance adoption between developing and developed countries.
REFERENCE – Ozili Peterson K., 2020. “Comparing Digital Finance in the UK, US, India and Nigeria,” Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 16(4), pages 1-11, December.
6. DIGITAL STRATEGY IN HIGHER EDUCATION
There has been an impressive progress in taking education to the masses, yet many aberrations have crept into the delivery and management. Government has an ambitious strategy to bring in digital enablement in India’s education delivery space. Study was carried out through inputs from various stakeholders. Results reveal that institutes lack vision, preparedness and commitment for technology implementation. The strategic vision of digital universities and a higher gross enrolment ratio with quality education.
REFERENCE – Pooja Chaudhary & K.K. Sharma, 2021. “Implementation of digital strategy in higher educational institutions in India,” International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 27(2), pages 248-272.
7. Digitalized Human Resources (HR)
Digitalization in HRM is the utilization of advanced innovation for the everyday implementation of an assortment of HR measures from recruitment to authority management. The robotization of useless cycles can standardize shortcomings and destabilize the organization. This is the reason distinguishing key organization factors while planning the digitalization procedure ought to be a first concern for HR managers. Organizations in most Indian businesses currently utilize organized information and innovation for dynamic and worker assessments. Human Resources (HR) practices in digitalized business era in India and the study is descriptive secondary data based one.
REFERENCE – G Shivaraj, 2021. “A Study on the Digitalized Human Resources (HR) Practices in Digitalized Business Era in India,” Shanlax International Journal of Management, Shanlax Journals, vol. 8(3), pages 83-89, January.
8. DIGITAL PAYMENTS AMONG RURAL RETAILERS
The growing acceptance of digital payment instruments among rural retailers in India has significantly enhanced people’s livelihoods, and represents a positive step in the country’s journey to being a cashless economy. The study concludes that retailers consider it risky not to accept digital payment modes at the point of purchase as they fear losing customers if they do not.
REFERENCE – Koul, Surabhi & Singh Jasrotia, Sahil & Govind Mishra, Hari, 2021. “Acceptance of digital payments among rural retailers in India,” Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 15(2), pages 201-213, June.
9. DIGITIZATION IN TOURISM INDUSTRY
Digitalization impacts various stakeholders in tourism industry. Various challenges that are arising in course of digitalization in tourism industry are identified and suggestions have been made to resolve these issues. The results of strategy adopted conclude that customer demand for digitalization, growing essence of sharing economy and presence of social media are important contributors to the enhancement of digitalization in tourism industry.
REFERENCE – Suneel Kumar & Shekhar, 2020. “Digitalization: A Strategic Approach for Development of Tourism Industry in India,” Paradigm, vol. 24(1), pages 93-108, June.
10. DIGITAL CONNECTIVITY AND E-COMMERCE
Digital connectivity and e-commerce are emerging as important drivers to connect small and medium enterprises (SMEs) in developing countries to their domestic and global markets. To support digitalisation and e-commerce, several initiatives have been taken by the governments in India. Many of them are related to enhancing cross-country trade and collaboration. However, SMEs so far have not gained much from such initiatives.
REFERENCE- Shouvik Kishore Majumdar & Angana Parashar Sarma & Srishti Majumdar, 2020. “E-commerce and Digital Connectivity: Unleashing the Potential for Greater India–ASEAN Integration,” Journal of Asian Economic Integration,vol. 2(1), pages 62-81, April.
11. CONCLUSION
Digital India is the main motto of government of India to empower society digitally. Provide Digital services. Digital Payment is an essential part of digitization. The government of India has taken numerous initiative to promote digitization. Digitization has also been used in automotive industry. Manufacturing of the products using advanced technology increases the sales of products. US and UK has highest digital financial usage. Developing countries should adopt digital finance to close the gap between developing and developed countries. But in institutions lack of technology implementation has been seen. Use of digital payments is growing significantly in rural areas in India. But sometimes they feel risky not to accept it. Presence of social media and other platforms leads to the enhancement of tourism industry and use of digitization. Digital connectivity and e-commerce leads to the development of small and medium enterprises. It concludes that Digitization has vast positive outcomes and less negative impact.
REFERENCE
1. Shivangi Goel & Dr. Vikas Kumar, 2019. “Digital India – A Growth Engine for Growing India,” Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 14(1), pages 31-36, April.
2. Sethy, Susanta Kumar, 2019. “Connecting the dots: Digital payments and financial inclusion in India,” Journal of Digital Banking, Henry Stewart Publications, vol. 4(3), pages 254-267, December.
3. Deepika Saxena & Navneet Joshi, 2019. “Digitally Empowered Village: Case of Akodara in Gujarat, India,” South Asian Journal of Business and Management Cases, , vol. 8(1), pages 27-31, April.
4. Rizwan Khan & Mohd Taqi & Amma Saba, 2021. “The role of digitization in automotive industry: The Indian perspective,” International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 3(4), pages 20-29, October.
5. Ozili Peterson K., 2020. “Comparing Digital Finance in the UK, US, India and Nigeria,” Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 16(4), pages 1-11, December.
6. Pooja Chaudhary & K.K. Sharma, 2021. “Implementation of digital strategy in higher educational institutions in India,” International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 27(2), pages 248-272.
7. G Shivaraj, 2021. “A Study on the Digitalized Human Resources (HR) Practices in Digitalized Business Era in India,” Shanlax International Journal of Management, Shanlax Journals, vol. 8(3), pages 83-89, January.
8. Koul, Surabhi & Singh Jasrotia, Sahil & Govind Mishra, Hari, 2021. “Acceptance of digital payments among rural retailers in India,” Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 15(2), pages 201-213, June.
9. Suneel Kumar & Shekhar, 2020. “Digitalization: A Strategic Approach for Development of Tourism Industry in India,” Paradigm, vol. 24(1), pages 93-108, June.
10. Shouvik Kishore Majumdar & Angana Parashar Sarma & Srishti Majumdar, 2020. “E-commerce and Digital Connectivity: Unleashing the Potential for Greater India–ASEAN Integration,” Journal of Asian Economic Integration,vol. 2(1), pages 62-81, April.