Digital Transformation and Economic Growth in India: An Empirical Study
Prof. B. Sudhakar Reddy
Senior Professor, Department of Economics, Dean, Faculty of Social Sciences, & Director, ICSSR-SRC, Osmania University, Hyderabad.
Dr. K. Shobha Rani
Associate Professor in Economics, Department of Economics, Government Degree College for Women, Hussainialam, Shah Gunj, Hyderabad.
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http://doi.org/10.37648/ijps.v21i01.001
Abstract
Digital transformation has become a vital driver of economic growth in emerging economies by improving productivity, increasing financial access, and enhancing institutional efficiency. Over the past decade, India has experienced swift digital development, powered by widespread internet use, the expansion of digital payment systems, and continuous progress in the information and communication technology (ICT) sector. In this context, the current study empirically investigates the impact of digital transformation on India’s economic growth from 2011 to 2023, using official secondary data from the World Bank, the Reserve Bank of India, the National Statistical Office, and the Ministry of Electronics and Information Technology.
Keywords:
Digital Economy; Economic Growth; ICT; Financial Inclusion; India
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