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Digital Transformation And Economic Growth In Post Pandemic India
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Book Synopsis Digital Transformation and Economic Growth in Post- Pandemic India: A Comprehensive Study by : KAVITA ROY
Download or read book Digital Transformation and Economic Growth in Post- Pandemic India: A Comprehensive Study written by KAVITA ROY and published by LALITA KAVI Bharti Research Journal (ISSN 0975-6256). This book was released on 2024-06-12 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the impact of digital transformation (DT) on economic growth in post- pandemic India. It examines the relationship between DT and economic growth, current levels of DT across sectors, key drivers and barriers, and the effects on productivity, innovation, and competitiveness. Using a mixed-methods approach with quantitative and qualitative data from 21 businesses across different sectors in India, the findings reveal significant links between DT readiness and factors like employee engagement, budget allocation, awareness, and digital tool integration. Higher DT readiness is associated with improved competitiveness, lower employee resistance, and better adoption of digital technologies, highlighting the importance of these factors in successful digital transformation initiatives.
Book Synopsis Digital Transformation and Economic Growth in Post-Pandemic India by : KHRITISH SWARGIARY
Download or read book Digital Transformation and Economic Growth in Post-Pandemic India written by KHRITISH SWARGIARY and published by GOOGLE. This book was released on 2024-06-01 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This study aimed to investigate the impact of digital transformation (DT) on economic growth in India during the post-pandemic era. The research objectives involved examining the relationship between DT and economic growth, assessing the current level of digital transformation across sectors, identifying key drivers and barriers, exploring the impact on productivity and innovation, and examining the role of DT in enhancing the competitiveness of Indian businesses. Hypotheses were formulated to test positive relationships between DT and economic growth, increased productivity, fostering innovation, and enhancing competitiveness. The research adopted a mixed-methods approach, combining quantitative analysis and qualitative insights through surveys and interviews with business leaders, industry experts, and policymakers. The sample consisted of 21 businesses in India, selected using stratified random sampling across different sectors, ensuring a representative and diverse sample for meaningful analysis and generalizability of findings. Quantitative data were analysed using statistical techniques, including regression analysis and descriptive statistics, while qualitative data were analysed using thematic analysis. The findings revealed significant relationships between DT readiness, employee engagement, budget allocation, awareness, integration of digital tools, and anticipated impacts on competitiveness. The study concluded that factors such as employee engagement, budget allocation, awareness, and effective integration of digital tools play a pivotal role in achieving heightened readiness for digital transformation, enabling companies to enhance competitiveness and realize the anticipated benefits of successful digital initiatives. The research sample consistes of 21 businesses in India, selected using stratified random sampling. The businesses are distributed across different sectors, including Manufacturing, with a population size of 500. This technique ensures a representative and diverse sample, allowing for meaningful analysis and generalizability of findings. The analysis of the data revealed several significant conclusions regarding digital transformation readiness and its impact on organizational factors. Firstly, a positive relationship was observed between digital transformation readiness and the anticipated impact on competitiveness, indicating that companies with higher readiness were more likely to expect positive competitive outcomes. Secondly, there was a noteworthy negative correlation between employee resistance and digital transformation readiness, suggesting that companies with lower levels of employee resistance tended to exhibit higher readiness for digital transformation. Additionally, a positive association was found between budget allocation and digital transformation readiness, indicating that companies dedicating a larger budget to digital transformation initiatives were more likely to demonstrate higher readiness in adopting digital technologies. Moreover, a positive correlation was identified between awareness and understanding of digital transformation and readiness, showcasing that companies with a deeper comprehension of digital technologies tended to have higher readiness. Furthermore, a positive relationship existed between digital transformation readiness and the actual adoption of digital technologies, emphasizing that companies with elevated readiness were more inclined to integrate digital technologies into their operations effectively. Lastly, the integration of digital tools was positively associated with digital transformation readiness, with companies proficiently incorporating digital tools demonstrating higher readiness. These findings underscored the pivotal role of factors such as employee engagement, budget allocation, awareness, and the effective integration of digital tools in achieving heightened readiness for digital transformation, enabling companies to enhance competitiveness and realize the anticipated benefits of successful digital initiatives.
Book Synopsis Economic and Societal Transformation in Pandemic-Trapped India by : Subrata Saha
Download or read book Economic and Societal Transformation in Pandemic-Trapped India written by Subrata Saha and published by Springer Nature. This book was released on 2022-02-04 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book acquaints the reader with the critical changes in India’s economy and society amidst the unprecedented pandemic outbreak of COVID-19, which has been devastating by breaking all prior records of illness and fatality. The present crisis is shown to be more than an acute health hazard as it carries with it other threats associated with the economy, society, culture, psychology, and politics. The dynamic driving forces that have a significant bearing on life, space, and time are explored, providing a basis on which social scientists can understand the prevailing equations and project the unforeseen future to contribute to a policymaking mechanism. The Indian scenario presented here takes into account how the COVID-19-induced lockdown of transport services, closing of factories, and restrictions on mobilization have caused the economy to face a recession, affecting mostly the unorganized sector. Travel restrictions and quarantines affecting hundreds of millions of people have left Indian factories short of labour, causing havoc in the production system. Semi-skilled jobholders have lost their employment, and the country has witnessed the plight of large pools of migrant labourers returning on foot to their homelands hundreds of miles away with their families and belongings. Contributors to this volume are drawn from diverse disciplines, displaying the solidarity of academic knowledge in a physically divided world. This common platform is provided to the practitioners of relevant academic disciplines under the umbrella of regional sciences – a forum for the exchange of ideas that may be effective in the sustainable management of the crisis and a way forward after it is mitigated. Thought-provoking discussions regarding different facets of the crisis are relevant not only to the current times but also to being prepared for the unforeseen post-COVID economic and societal order.
Book Synopsis COVID-19 and Entrepreneurship by : Vanessa Ratten
Download or read book COVID-19 and Entrepreneurship written by Vanessa Ratten and published by Routledge. This book was released on 2021-05-09 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amid the COVID-19 pandemic, small businesses are especially vulnerable. This is one of the first books that explicitly examines the linkage between crisis and entrepreneurship with a specific focus on small businesses. The book adopts a holistic approach and outlines strategies that small business owners can utilize as well as business opportunities that are available in these new market conditions. It also provides a comparative analysis of the current and future market conditions to enable a better understanding of how institutional structures can facilitate or hinder growth. The book also goes on to explain why and how creativity and innovation can help to mitigate the impact of such a crisis on business and highlights why business continuity is especially crucial to family-owned businesses. This timely publication will help to guide small business owners and entrepreneurs to maintain business continuity and build up their resilience in a challenging business climate.
Book Synopsis Covid-19 Pandemic and Economic Development by : Sukhpal Singh
Download or read book Covid-19 Pandemic and Economic Development written by Sukhpal Singh and published by Springer Nature. This book was released on 2021-09-27 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive analysis of the pre-Covid-19 and post-Covid-19 situation and public policy measures needed to revive the economy in the light of the recent initiatives by the state government, including a committee to suggest post-Covid-19 revival strategy. This collection of essays by specialized author/s in her/his/their area of research examines the impact of Covid-19 in the larger context of economic and developmental context of Punjab, ranging from basic developmental transformation analysis to the specific policy issues in each sector and policy domain, including the larger developmental crisis in the context of the regional economy and society of Punjab. The sectors analysed include: agriculture including dairy sector and agricultural markets, industry, services, education, health, besides fiscal, banking, diaspora, gender, governance, and sustainability challenges the state economy faces. It dwells on sector specific issues as well as ways forward for betterment of livelihoods of those engaged, especially farmers and industrial and service sector informal workers.
Book Synopsis The Promise of Fintech by : Ms.Ratna Sahay
Download or read book The Promise of Fintech written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 2020-07-01 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.
Book Synopsis The COVID-19 Pandemic, India and the World by : Rajib Bhattacharyya
Download or read book The COVID-19 Pandemic, India and the World written by Rajib Bhattacharyya and published by Taylor & Francis. This book was released on 2021-09-30 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the economic and social impact of the Covid-19 crisis with special focus on India. It examines the economic disruption caused by the pandemic, policy responses to it and the prospect of a severe global recession. It also covers how the pandemic has contributed to considerable suffering among the masses and affected socio-cultural relationships, behavioural patterns and psychological attitudes governing human interaction. A topical and timely collection on the pandemic, the essays in the volume discuss several key themes which include, · The Corona pandemic and the changing global economy; growth, trade and macroeconomic recovery; · Public health and policy failures; appropriate policy response; · Impact on education; guidelines for the future; · Idea of economic herd immunity; impact of India’s lockdown, crisis of the migrant labourers; · Impact on agriculture, industry, firms, households and the informal sector; · Implications of digital technology for production, labour and labour relations; · Violence amidst the virus; Covid 19 and Hindu- Muslim conflict in India, domestic violence, questions of occupation, identity, gender and vulnerability; · De-globalisation and environmental challenges in the post-Covid era. Engagingly written, this comprehensive volume compiles original research by leading economists from India and abroad. It will be useful for scholars and researchers of economics, of the Indian economy, development economics, development studies, labour studies, public policy, public administration, governance, sociology and political economy.
Book Synopsis The Globotics Upheaval by : Richard Baldwin
Download or read book The Globotics Upheaval written by Richard Baldwin and published by Oxford University Press. This book was released on 2019-01-09 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the root of inequality, unemployment, and populism are radical changes in the world economy. Digital technology is allowing talented foreigners to telecommute into our workplaces and compete for service and professional jobs. Instant machine translation is melting language barriers, so the ranks of these "tele-migrants" will soon include almost every educated person in the world. Computing power is dissolving humans' monopoly on thinking, enabling AI-trained computers to compete for many of the same white-collar jobs. The combination of globalization and robotics is creating the globotics upheaval, and it threatens the very foundations of the liberal welfare-state. Richard Baldwin, one of the world's leading globalization experts, argues that the inhuman speed of this transformation threatens to overwhelm our capacity to adapt. From computers in the office to automatic ordering systems in restaurants, we are familiar with the how digital technologies offer convenience while also eliminating jobs. Globotics will disrupt the lives of millions of white-collar workers much faster than automation, industrialization, and globalization disrupted the lives of factory workers in previous centuries. The result will be a backlash. Professional, white-collar, and service workers will agitate for a slowing of the unprecedented pace of disruption, as factory workers have done in years past. Baldwin argues that the globotics upheaval will be countered in the short run by "shelter-ism" - government policies that shelter some service jobs from tele-migrants and thinking computers. In the long run, people will work in more human jobs-activities that require real people to use the uniquely human ability of independent thought-and this will strengthen bonds in local communities. Offering effective strategies such as focusing on the social value of work, The Globotics Upheaval will help people prepare for the oncoming wave of an advanced robotic workforce.
Book Synopsis Global Trends 2040 by : National Intelligence Council
Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Book Synopsis Unshackling India by : Ajay Chhibber
Download or read book Unshackling India written by Ajay Chhibber and published by HarperCollins. This book was released on 2021-11-29 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: As India enters its seventy-fifth year of independence, conventional policy is unlikely to combat the breadth of its economic challenges. Across a range of areas-human capital, technology, agriculture, finance, trade, public service delivery and more-new ideas must now be on the table. The COVID-19 pandemic has not only cost India many lives and livelihoods, it has also exposed major structural weaknesses in the economy. A huge farm and jobs crisis, rising and massive inequalities, tepid investment growth, and chronic banking sector challenges have plagued the economy, exacerbated by the COVID-19 pandemic. It has also exposed the limitations of the Indian state, which tries to control too much-and ends up stifling the economy and the inherent energies of its young population. Climate change is no longer a distant threat, while disruptive technology has huge implications for India's demographic dividend. In addition, the dangerous lurch towards majoritarianism will cast its shadow on India's pursuit of prosperity for all. Unshackling India examines the question: Can India use the next twenty-five years, when it will reach the hundredth year of independence, to restructure not only its economy but rejuvenate its democratic energy and unshackle its potential-to become a genuinely developed economy by 2047? The book argues that India can foster a prosperous and inclusive economy if it sets its mind to it, acknowledges the hard truths, and lays out the clear choices and new ideas India must adopt towards that end.
Book Synopsis Development Challenges of India After Twenty Five Years of Economic Reforms by : Nripendra Kishore Mishra
Download or read book Development Challenges of India After Twenty Five Years of Economic Reforms written by Nripendra Kishore Mishra and published by Springer Nature. This book was released on 2020-10-14 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book revisits some of the persisting challenges of development of India, which remain unresolved even after twenty-five years of economic reforms and almost fifteen years of high growth rate. These include defining purpose of development, inequality, labour, work, unemployment, agrarian distress and migration. The book questions the overemphasis on growth to the extent of neglecting basic issues of development. With a number of contributions re-imagining development and its political economy, the book discusses above mentioned issues in light of new data and more recent conceptions of the issues. The contributors of this volume are eminent researchers in their respective field. Presenting primary as well as secondary data, the book considers the latest advances and research and also addresses new challenges like the global reorganization of production and the consequences for labour and the world of work, along with skills question. World of work has received detailed investigation in this book. This is a timely addition in existing literature especially in context of pandemic and lockdown. Informality and un/employment question is addressed in this context. Relationship among poverty, inequality and growth is examined in light of newer understanding. Agrarian distress is looked in a broader context. A number of papers are examining migration question by expanding coverage of migration and including labour mobility as apart of migration debate. The present crisis of migrant labour and absence of social security for these workers is also discussed. This book is primarily intended for those interested in recent advances on some of the basic aspects of development, like poverty, inequality, informality, word of work, migration and labour mobility. It is also useful for researchers, policy makers, journalists and civil society organizations working on these issues.
Book Synopsis Global Productivity by : Alistair Dieppe
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Book Synopsis Communication Management by : František Pollák
Download or read book Communication Management written by František Pollák and published by BoD – Books on Demand. This book was released on 2022-01-07 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Communication Management is an edited volume of chapters written by scholars researching various areas of marketing and management sciences. It presents several issues of marketing management within the limits of marketing communication. Starting from the issue of communication channels and basic sensory apparatus for processing information and stimuli, the book continues with a description of the issue of social media in the time of accelerated digitization. The last chapter introduces the reader to the issue of marketing communication in a sharply non-standard environment. The topic itself creates the opportunity to seek qualitative knowledge for future in-depth research into the impact of the COVID-19 pandemic on both national and transnational economies.
Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa
Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Book Synopsis The Global Findex Database 2017 by : Asli Demirguc-Kunt
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Book Synopsis The Experience Economy by : B. Joseph Pine
Download or read book The Experience Economy written by B. Joseph Pine and published by Harvard Business Press. This book was released on 1999 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text seeks to raise the curtain on competitive pricing strategies and asserts that businesses often miss their best opportunity for providing consumers with what they want - an experience. It presents a strategy for companies to script and stage the experiences provided by their products.
Book Synopsis Research Anthology on Business Continuity and Navigating Times of Crisis by : Information Resources Management Association
Download or read book Research Anthology on Business Continuity and Navigating Times of Crisis written by Information Resources Management Association and published by Business Science Reference. This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: When the COVID-19 pandemic caused a halt in global society, many business leaders found themselves unprepared for the unprecedented change that swept across industry. Whether the need to shift to remote work or the inability to safely conduct business during a global pandemic, many businesses struggled in the transition to the "new normal." In the wake of the pandemic, these struggles have created opportunities to study how businesses navigate these times of crisis. The Research Anthology on Business Continuity and Navigating Times of Crisis discusses the strategies, cases, and research surrounding business continuity throughout crises such as pandemics. This book analyzes business operations and the state of the economy during times of crisis and the leadership involved in recovery. Covering topics such as crisis management, entrepreneurship, and business sustainability, this four-volume comprehensive major reference work is a valuable resource for managers, CEOs, business leaders, entrepreneurs, professors and students of higher education, researchers, and academicians.
