Technology has been one of the biggest aspects of India’s economy and growth in general. While the country missed out on the first and the second indsturial revolution, it participated heavily in the third industrial revolution of electronics and information technology.
According to https://www.indiacasinoinfo.com/ today, India is being considered to play a key role in the fourth industrial revolution for embedded systems that’ll link physical, digital, and biological aspects of life. Keep this in mind, let’s take a look at some of the top technological trends that are driving India in 2020.
Mobile Apps and Increased Internet Penetration
In a country with more than billion smartphone users, it is natural that mobile apps have played a key role in transforming not only the economy but also the social landscape of the country.
Due to various factors like access to affordable internet by JIO, numerous start ups that are mobile-first such as Swiggy and Ola, and a huge social media audience, mobile apps and internet peneration are a key technological trend driving India.
Mobile apps are also affecting the social landscape of the country:
- By providing people access to new entertainment via services like Netflix and Hotstar.
- By increasing the range of goods and services that can be consumed via mobile-first services like Amazon, UrbanClap, and Flipkart.
- By allowing people to participate in recreational activities such as legal gambling on online casino sites and gaming.
Virtual Reality and Augmented Reality
Virtual Reality (VR) and Augmented Reality (AR) used to only exist in the science fiction realm not a long time ago but with increased and cheap computing power being the new normal, VR and AR have become part of many consumer oriented services today.
While it is fair to assume that most applications of VR and AR lies in the field of gaming, there are a number of apps such as Snapchat that already provide a number of alternative use-cases for the technology. VR and AR are also seeing massive adoption in the healthcare sector in fields like Vestibular Rehabilitation Therapy (VRT) that is used to treat vertigo.
Blockchain
Lastly, while cryptocurrencies like Bitcoin did not have the best start in India suffering from a ban initially which was eventually overtruned, Blockchain is definitely a technological trend that India is catching on.
Recently, it was announced that Tech Mahindra will start offering Blockchain solutions with Amazon Web Services (AWS) in India to provide scalable Blockchain solutions for various sectors like aviation, telecom, and supply chain management.
Effects of the COVID-19 pandemic and the future of India’s Economy
India, like most countries in the world, had suffered an economic setback during the COVID-19 pandemic and is currently gradually recovering back to normal levels as the national lockdown restrictions were eased.
It is too early to determine the long-term effects of the pandemic on the economy but if we can be certain about something, it is that the technology sector will remain a key and vital player in the country’s overall economy.