Economy
Digital Economy
The Digital Economy is no longer a futuristic concept but a present-day reality profoundly reshaping global and national landscapes. For an aspiring civil servant, understanding this dynamic domain is not merely academic;
85 articles in this topic
Articles on Digital Economy
Tourism in India: The Tariff-proof Sector
In an era of global economic uncertainty and rising protectionism, like the recent U.S. hike on Indian steel and chemical products, India’s tourism sector stands out as a resilient, inclusive, and tariff-proof engine of growth.
Call For India to Transform Into ‘a product nation’
Context There is a growing consensus that India must transition from being primarily a service-driven economy to a product nation amid US punitive tariff action. Way Ahead India must enhance RD investment, strengthen IP protection, and nurture deep-tech talent to build globally competitive products. Greater access to risk capital, world-class infrastructure, and innovation clusters is essential.
India’s Ban on Betting Apps & Curbing Money Laundering
Recently, the Parliament of India passed the ‘Promotion and Regulation of Online Gaming Bill, 2025’ that is designed to curb addiction, financial ruin and social distress caused by predatory gaming platforms that thrive on misleading promises of quick wealth.
The Promotion and Regulation of Online Gaming Bill, 2025
Context The Lok Sabha has passed The Promotion and Regulation of Online Gaming Bill, 2025. Need for the Bill Lack of Framework: The lack of a legal framework has hindered the sector’s structured development and the promotion of responsible gaming practices, requiring urgent policy intervention and support mechanisms. Major Concerns: The proliferation of online money games through mobile phones, computers and the internet, and offering monetary returns has led to serious social, financial, psycho
NITI Aayog Launched Report on Electric Vehicles in India
Context NITI Aayog launched the Report on ‘Unlocking a $200 Billion Opportunity: Electric Vehicles in India. Major Highlights The key objectives of India’s EV Push: Reduced dependence on imported fuel; Goal: India seeks to attain a 30% share of electric vehicles, in the total vehicles sold, by 2030.
Data Exchanges Can Boost Digital Public Infrastructure
As India accelerates its digital transformation journey and digital public infrastructure emerges as a cornerstone of inclusive growth, innovation, and governance, there is a need to unlock the full potential of data exchanges and make them integral to the ecosystem.
India’s Digital Sovereignty
In the recently concluded India–United Kingdom Free Trade Agreement (FTA), formally known as the Comprehensive Economic and Trade Agreement (CETA), while much attention has been paid to traditional sectors like agriculture and labour-intensive manufacturing, one crucial domain — India’s digital sector — has remained curiously unexamined.
Layoffs Across IT Services Industry
Context Recently, Tata Consultancy Services (TCS) has announced plans to lay off approximately 12,261 employees — about 2% of its global workforce during FY2026. Key Reasons Behind the Change Cost Optimization: With global tech spending under pressure, companies are streamlining operations to reduce overhead. Maintaining a large bench is expensive and inefficient in lean times.
India Witnesses Surge in IP Filings Over Five Years
Context The IP filings in India in the last five years have increased by 44%, rising from 4,77,533 in 2020–21 to 6,89,991 in 2024–25. Intellectual Property (IP) Rights Intellectual Property (IP) is generally defined as the Product of Mind. Intellectual Property Right (IPR) is the legally enforceable exclusive right granted to the owner of the intellectual property for a limited period.
STPI Aims to Spread IT Sector Growth Nationwide
Context The Software Technology Parks of India (STPI), is repositioning itself to drive the next wave of inclusive and innovation-driven IT growth across the country, especially targeting Tier-II and Tier-III cities. Way Ahead India’s global leadership in IT has so far been driven largely by service exports, which, while significant, offer limited value addition in the long term. To remain competitive in the evolving digital landscape, the country must now pivot towards a robust software product
India’s Strategic Push for Global Capability Centers
Context India is working on comprehensive policy interventions to accelerate the growth of Global Capability Centers (GCCs). What are Global Capability Centers (GCCs)? These are offshore units established by multinational corporations to manage a wide range of business functions like software development, data analytics, cybersecurity, cloud computing, and customer experience management.
India’s Manufacturing Ambitions: Lessons from China’s MIC2025
Manufacturing has long been the backbone of economic growth, employment generation, and technological advancement for emerging economies.
10 Years of the Digital India Journey
Context The Digital India program was launched by the Government on July 1, 2015, envisions transforming India into a knowledge-based economy and digitally empowered society. Digital Economy The digital economy is growing fast, contributing 11.74% to the national income in 2022–23 and expected to reach 13.42% by 2024–25. According to the State of India’s Digital Economy Report 2024, released by ICRIER, India now ranks third in the world for digitalisation of the economy.
India’s Start-up Ecosystem Witnessed Exponential Growth: Meta
Context According to a report released by Meta, India’s start-up ecosystem has witnessed exponential growth over the last decade. Key Highlights It identified six key levers of growth of India’s startups such as: AI adoption, cross-border expansion, omnichannel presence, Tier 2/3 market expansion, category diversification, creator-led brand building. Integration of AI: Over 70% of startups were integrating artificial intelligence into their business operations.
Micro, Small and Medium Enterprises (MSMEs) Day 2025
Context World Micro-, Small- and Medium-sized Enterprises (MSMEs) Day is celebrated annually on June 27th with the theme “Enhancing the role of MSMEs as drivers of Sustainable Growth and Innovation.” Significance of MSMEs Globally, MSMEs represent the most dominant segment of the business ecosystem, accounting for nearly 90% of enterprises and over 50% of total employment. In India, MSMEs are contributing around 30% to the GDP and over 45% to the countrys exports. MSMEs are the second-largest em
RBI and Banks to Launch Digital Payment Intelligence Platform (DPIP)
In News Major public and private sector banks are collaborating to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI) under the guidance of the Reserve Bank of India (RBI). Digital Payment Intelligence Platform (DPIP) It aims to strengthen fraud risk management by enabling real-time data sharing and intelligence gathering to detect and prevent fraudulent digital transactions. The institutional framework is being jointly developed by public and priva
NITI Aayog Pushes for Robust Data Ecosystem
Context NITI Aayog today released the third edition of its quarterly insights series Future Front, titled “India’s Data Imperative: The Pivot Towards Quality.” About This report underscores the urgent need for robust data quality to fortify digital governance, cultivate public trust, and ensure efficient service delivery. India’s digital infrastructure (UPI, Aadhaar, Ayushman Bharat) has scaled massively. However, as platforms mature, quality of data has become a national imperative.
Scaling & Balancing Manufacturing Sectors in India
Apple’s evolving supply chain strategy is reshaping the global manufacturing landscape—and India is emerging as a key beneficiary.
Agri Stack Under Digital Agriculture Mission (DAM)
In News The Ministry of Agriculture Farmers’ Welfare hosted the National Conference on Agri Stack under the Digital Agriculture Mission (DAM). Key Highlights of the Conference Emphasized the importance of digital land records and Aadhaar seeding for accurate farmer identification. The Ministry provided an overview of Agri Stack, including the integration of Farmer ID with flagship schemes like PM-KISAN, PMFBY, and KCC.
Rapid Expansion of Gig Workforce in India
Context Recently, VV Giri National Labour Institute (VVGNLI) forecasted that the Gig workforce in India, making up 15% of the country’s total non-agricultural workforce. Key Findings Projections of Study Approximately 3 million workers were engaged in platform jobs across 11 major companies in 2020. It is expected to reach 23 million, making up 7% of the non-agricultural workforce by 2030, and is projected to more than double, reaching 62 million workers by 2047.