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THE STUDY ON THE IMPACT OF DIGITALISATION ON INDIAN POLITICAL ECONOMY, EDUCATION SECTOR (DURING THE COVID-19 TIME)


Anandamurthy H G, Shobha J
Assistant Professor, SRI SIDDARAMAIAH LAW COLLEGE, CHIKKABALLAPUR District, 562101
Abstract
Digitalisation is the online transaction, as it provides the benefits for the consumers, producers by saving time, availability in lower cost and reduces the cost of transportation to purchase any products in the country, like education, hotel services, banking insurance and commerce sectors. India is one of the largest growing developing Economy in the world after China, with an average GDP (Gross Domestic Product) of 7 percent from 2015-2019, India’s internet economy is expected to double from US$ 125 billion as of April 2017 to 250 billion by 2020. India`s E-commerce revenue is expected to jump from US$ 39 billion to US$ 120 billion in 2020, growing an annual rate at 51 percent, due to Covid-19 most of the states in India were in Lock down situation after March 2020, there is a need for all the sectors in the economy for Digital inclusion to achieve the goal of the country that is “Digital India”. India can try to improve to make payments and receipts in unorganised sectors through online Digital Mode, like digital card payments like ATM (Automated Teller Machine), Rupay, Visa, Maestro, online shopping by promoting central governments schemes like Make in India, export promotion trade schemes. India can use this global pandemic situation by making flexible investment destination in the globe, As most of the global giants are spacing away from China to make investment or to open start ups in China, the purpose of this study is to Make India self-reliant by implementing various schemes, E-commerce promotion during covid-19 epidemic situation India`s E-Commerce is gaining its significance during covid-19, as most of the consumers are not interested in offline shopping, because shops, malls, theatres and educational institutions are closed during lockdown period, Covid-19 has caused an inflexion in e-commerce penetration in the globally driven by the consumers need for consumer need, convenience and safety, even in India online is gaining salience, due to consumers unwillingness to step out to buy commodities in shops, malls and restaurants, teaching in Indian institutes are conducted in online mode from March 2020, especially the private institutes and universities are importing digital technological tools and applications, like “Google meet, Zoom cloud meetings, Lark” etc, are used more than before in the country. India has a greater challenge during and post Covid-19 situation, first one is to invest and to implement Digital technology in both public and private sectors, as it was very essential during covid-19 situation, second one is to improvement in technical inclusion in all service sectors, in all Commerce and Management sectors, third one digital inclusion in making nation into-self reliant India during and post covid-19 situation.
Keywords: Covid-19, Indian economy and Digital technology, E-Commerce and Management education
Journal Name :
EPRA International Journal of Research & Development (IJRD)

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Published on : 2021-12-28

Vol : 6
Issue : 12
Month : December
Year : 2021
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