Every major country in the world is part of one global economy. While each country has its own private economy with its advantages and disadvantages, overall, we are connected by the internet and merged with others in the buying and selling of our goods.
India has grown in leaps and bounds with access to 5G internet speed and the full support of the Indian Government. India has reinvented itself, and this most populous nation stands ready to compete internationally.
Technology is intertwined in every part of life. Technology assists us in our education, medical research, banking, shopping, and communication. The technology of mobile apps, laptops, and tablets allows us instant access to entertainment. We watch movies, listen to music, play games, and interact socially on social media. We can participate in esports, check our Dear Lottery Sambad results, place bets on international lotteries, and even play virtual casino games. We now look to the internet instead of writing or phoning family. We look to the internet to meet new friends and to be part of social circles. We cannot imagine a world without this instant gratification.
The world sees India as a significant source of income. Many corporations are targeting India, as its technology has advanced. State-of-the-art technology is opening many doors held back by outdated technology just a few years ago.
With the availability of 5G technology, India is seeing a comeback from some companies with older technology. We are seeing more affordable internet services t offer services to Indian populations with more modest incomes.
To succeed in the internet revolution of India, it must make the internet and modern technology available to those with even the most modest incomes. Rentals of 4G and 5G smartphones and androids for less than 1550.00 Rupees per month. Until recently, these options were simply out of reach for any Indian people.
Technology is built into the equipment, easily controlled via voice commands and language translations. Imagine the opportunities for a population that had little in the past. You will be able to see the world’s wonders and hear the most beautiful music.
Photo credit: Domenico Loia
The internet is very powerful and can be dangerous in the wrong hands. People must regard it with absolute caution and security. People in positions of authority are morally obligated to protect people from the dark side of society. Internet users must be educated on how to determine if they are on a secure site. They must be sure of who their financial information is being exchanged. If you check a company’s corporate page, you can learn a lot about it. You must only deal with quality sites and what is at risk if you do not verify who you are dealing with.
Photo credit: StockSnap
E-Commerce on an international level
Very soon, India expects to provide 5G internet services to their citizens without the help of other countries. By 2030, 6G is expected to emerge. E-commerce between India and other parts of the world has been growing for some time. The massive growth in India and its low market penetration make India financially desirable.
The following quote from The INDIAN E-COMMERCE INDUSTRY REPORT explains it well.
“The growth in the E-commerce sector will also boost employment, increase revenues from export, increase tax collection by ex-chequers, and provide better products and services to customers in the long term. (The) rise in smartphone usage is expected to rise (by) 84% to reach 859 million by 2022.
The E-retail market is expected to continue its strong growth – it registered a CAGR of over 35% to reach Rs. 1.8 trillion (US$ 25.75 billion) in FY20. Over the next five years, the Indian e-retail industry is projected to exceed ~300-350 million shoppers, propelling the online Gross Merchandise Value (GMV) to US$ 100-120 billion by 2025.’
Benefits to the people.
Being digitally connected in e-commerce is a massive benefit for Indian shoppers. With rising income levels, several categories are catching their attention. Trending items include clothing, footwear, cosmetics, lifestyle products, and electronics. Household goods, art, health products, jewelry, and tickets for digital entertainment are also on an upward climb. As more companies set their sights on India, more designer and high-end products will become available.
People in other nations are just as interested in India’s products, arts, music, and entertainment. There is no shortage of creativity, culture, and talent in this nation. It is exciting to see where growth and evolution will take us as a global society.
India has been slow in claiming its position in technology in many areas. It is exciting to see them take their place and to let the rest of the world share in their unique culture. The time has arrived. Do not look away, and this trend promises to last for several more years. India is standing proud as a national leader.