Entrepreneurship and Technology: Making Indians More Independent
If we look at the past years, we feel a sea change that has happened in the past decade. From the startup trend catching up, to the Internet revolution taking India in its stride, nothing has remained untouched. Technology has impacted our lives so deeply that our day-to-day life has become different, and in a way easier. Think of a task, and there would a startup that would fulfill your requirement through its product/service (app). From e-shopping, to online payments, everything has made our lives all the more convenient. And all of this has been possible due to the Internet revolution. The number of people accessing Internet through smartphones is surging immensely, and is only going to get farther and deeper with every passing day.
The entrepreneurs from the startup sector have been the game changers. This is the sector that has made most out of the smartphone trend and has used it innovatively with technology to improve our lifestyle and mitigating the usual day-to-day hassles. There is a new app in the market every other day that promises to solve yet another problem of our through technology. But the underlying thought behind most of the apps remains the same – easing the hassles of the customers, and making almost everything possible online through mobile. This revolution that has started around two decade back, is now well in its prime. The idea is to make every process and every transaction so simple and transparent that even elderly people can get accustomed with the way these services are availed.
According to internetlivestats.com, India has the highest yearly growth rate and currently has the third largest number of Internet users globally. Internet has changed the way we look at a problem and then deal with it. Be it the newbies or the old-aged, the technology upgrade facilitated by the entrepreneurs has successfully made everyone more independent. Independence from asking for favours for trivial things such as, bill payment, transportation, e-shopping, household chores, etc.
This growth and independence (fuelled by technology) has made its way to the tier 2 and tier 3 cities of India as well. The impact of technology can be witnessed across key sectors of the economy such as agriculture and farming, education, transportation, and many others. Though this trend initially did not catch up well in these cities, but its adoption has significantly increased recently. Now, even in villages, people use smartphones and are getting swiftly hands on with the change. The coming years are sure to unfold yet new horizons in terms of technological growth and personal independence.
As per reports, India is ranked 1st in Baseline Profitability Index in 2015. This very fact in itself highlights the fact that our country has a huge potential to develop further and give other developed nations a tough competition through its technological advancements and ‘ideas’. This result indicates a promising future that India holds for all the investors. Looking at this trend, a handful of global multinationals have invested in various sectors of the country and are actually witnessing increase in returns.
After more than seven decades of independence, we can proudly say that we are not only aggressively pursuing economic growth and development but also augmenting the true essence of freedom and technological independence at a macro level. With the government’s vision of a ‘new India’, the country now has a strong hold and continued focus on science and technology and has realized its importance across sectors for a holistic growth.
