Connect with us

News

Is India Leading the Digital Revolution in 2019?

Published

on

[ad_1]

Today India is – Digital India, all thanks to our Prime Minister of India- Narendra Modi

This campaign has made the country digitally empowered in the area of technology. The regulated government of India has made his grounds over making the availability of government services electronically. The enhanced online infrastructure and by extending Internet connectivity has eased the work of citizen. In 25 years, there have been lots of advanced changes in India, it is leading the digital revolution. The level of poverty in India has been a drop from 22% in 2012 to 16% in 2019 even after the essential growth in population.

Introduction to the Digital Revolution of 2019

Digital Revolution is all regarding developing for better tomorrow. This change can have an influential impact in different ways on different societies, economies and above all humanity.

Not only that, but digitalization also modified the way information scattered across different sectors of the globe. Giving grounds for businesses to move forward beyond the national markets to other markets, thereby leading international markets, enhancing the interconnection of the world.

One of the signs of these shifting flows is the digital revolution in India that has been catching grip since smartphones and 4G streaming have grown commonplace within urban areas including many rural areas too. There are more than 200 million smartphone users and 550 million internet subscribers live in India in 2019. This trend is being advanced by important rural-to-urban movement as poor villagers explore opportunities in India’s advanced cities.

From 2014 the Indian government has taken active participation in bringing digitalization by various measures. Such an example is demonetization, it has gained global attention has been associated with short-term job losses and economic slowdown. However, it also shows compliance for government leadership to drive India’s digital transformation.

Looking into the factors of the digital revolution from 2014 India has grown to some other level of grounds, our government of India has taken various Digital Initiatives like e- payment, digital literacy and many more.

Digital initiatives of government

India has moved forward, in all sincerity, to growing an essential engine of the world economy, we are on the edge of a transformative opportunity for the country to gain global leadership. The country is experiencing a digital revolution that is triggering transformative developments in areas like e-payments, digital literacy, financial inclusion, geographic mapping, rural development, much more. So, let us discuss all the factors which have been updated from 2014 to 2019.

  • GI Cloud Program

This program is also known Meghraj, this is initiated by the Ministry of Electronics and Information Technology. The program intends to make a multi-level, national cloud-sharing foundation giving affordable, secure and safe data storage for all. The cloud erases financial boundaries and generates growth by services and product. Giving affordable options to own the expensive hardware needed for data storage. It is a robust catalyst for new- businesses, start-ups and non-profit organizations.

This initiative is more for the poor and underprivileged. Aims to render digital service to more people who usually not be ready to enter the digital world. Reaching digital services can play a tremendous role in overcoming poverty.

  • Market Changes

Government strategy is not the only driving constituent of the digital revolution in India. Changes in consumer refinements and function lie at the centre of the movement. India now makes up the biggest YouTube audience by country globally. Besides, Indians’ immense streaming habits win them another amount one ranking for monthly data usage, with smartphone users cooking through an average of 8.48 gigabytes per month.

Already many are expecting new market openings by India’s increasing streaming project. Global powerhouses Google, Facebook, Amazon and Netflix are all reportedly competing for a post in this emerging industry.

  • Online labour

Now, this is something not everyone knows about it. This very graceful initiative of the Indian government. Online Labour Index (OLI) to state that India forms 24 % of the online labour market share (as of 2017), generating employment openings for software developers, data entry operators, online sales, and creative professionals.

  • E-commerce

There are various job openings in the logistics sector because of the e-commerce industry is expanding with new services on the supplier view. There is an expectation that in 2020 the e-commerce market will increase from at yearly rate f 51 % from Rs 2,484.9 billion in 2017 to Rs 8,526.5 billion. Also, offers the potential for jobs inked to warehouse management, content developers, and marketing professionals.

  • Investing sector

By Digital revolution, industries like stocks, mutual funds and other securities will develop more open to the crowds. It will not be a thought reserved for the urban states only.

Think today, even small villagers just by a few taps phone can invest in companies that are market. The digital revolution is for the mutual fund industry as well there are various choices for more active digital verification of KYC in mutual funds. Nowadays mutual funds are available online and one can easily apply their form or application realted to it. Get KYC done with 5-10 minutes.

  • Aggregator model

Digital marketplaces have developed as a way to operate India’s large army of blue-collar workforce. The appearance of technology authorised aggregator business rules in sectors such as cab services, food delivery, hotel bookings and home service specialists has grown new jobs in India.

  • Technology start-ups

The digital revolution has provided a great opportunity for digital market-places as many start-ups are there which are building employment options. The number of tech start-ups in India has grown by 12-15% during the 2014-19 period, extending the requirement of new job positions in the fields of Big Data, analytics and cloud computing.

Also, there has been an expansion in jobs in the area of cybersecurity, social media services, and mobile application development.

The government led by Prime Minister Modi has identified the great potential of startups in changing the economy and unleashing tech-driven conversion. Besides favourable policies, the government shall try to examine more ideas to increase participation of India’s startups in the digital conversion. Today there are about to 21,000 startups in India, out of which about 9,000 are technology startups. Several of these are unicorns, holding a cost of over a billion dollars.

  • Make in India and Digital India programmes

The adoption of technologies like cloud platforms and applications has added significantly to our digital momentum. The Make in India and Digital India programmes have now chosen cloud and other digital disruptors to assist in developing a new and comprehensive nation. The cloud is an open fit for swiftly developing economies. India assists in removing obstacles to costly technology, building opportunities for new services. Also, products by supporting small businesses, start-ups and NPO.

Further, it allows collaboration and knowledge-sharing among academia the business world NGOs and the immense swathes of the Indian population that will benefit our farmers, rural entrepreneurs and artisans.

  • Education sector

Education is always the first initiative and aims for government. There are multiple schemes in the education sector. Let’s discuss them one by one.

  1. SWAYAM- Its full form is Study Webs of Active-Learning for Young Aspiring Minds. This scheme was outlined to reach the 3 main sources of Education Policy which access, equity and quality. This digital scheme not only brings education at the doorstep of many students but also tries to link the digital divide as students who cannot enter mainstream or formal education can reach this application. The scheme gives a chance for students to reach courses taught in classrooms from 9th standard to post-graduation, that can be given by anyone, anywhere at any time.
  2. e-PATHSHALA- This digital scheme broadcasts all educational content by the website and mobile app. This scheme launched by the Ministry of Human Resource Development, Government of India and National Council of Educational Research and Training.
  3. Mid-Day Meal Monitoring App/ Shaala Sidhi/ Shaala Darpan- 3 of them centres on the quality of school administration and assess the schools and Kendriya Vidyalas to enhance the status of education.
  4. OLABS- The online labs promote research skills for school lab experiments give students the security of conducting experiments over the internet.
  5. Fo higher education Government has the National Scholarship Portal, eGranthalya and National Knowledge Network.

These digital actions not only look at developing the sector of education but are reaching out in delivering education to the needy, thus using the digital revolution to bridge the gap among haves and have-nots of education.

  • Digital literacy programme for rural adults

Around than 15 crore rural households are not having computers. A notable amount of these households are likely to be digitally uneducated.

The Pradhan Mantri Grameen Digital Saksharta Abhiyan (PMGDISHA) b will cover 6 crore households in rural areas to be digitally educated.

  • Health services

The health sector is much needed for a safe and healthy future of society. Digital AIIMS a plan that intends to build an efficient interrelation among UIDAI and AIIMS. The ‘e-hospitals’ scheme i.e. an open-source health management system.

  • Agriculture sector

When India is becoming digital what our farmers also get the benefit of it. Some of the schemes in the farming sector include:

  1. mkisan
  2. farmer portal
  3. Kisan Suvidha app
  4. Pusa Krishi
  5. Soil Health Card app
  6. eNAM
  7. Crop Insurance Mobile APP
  8. Agri Market app
  9. Fertilizer Monitoring App
  • Women safety

Looking to women’s safety, applications like ‘Nirbhaya app’ and ‘Himmat app’ have been started that helps to send of distress calls. Nirbhaya is a mobile phone app rendered by Uttar Pradesh Police in India that is created to improve the safety of women. Delhi Police in its initiative for women safety has started a mobile application named as HIMMAT (Courage).

  • Introduction of GST( Goods and service tax)

Growth of GDP due to GST. It has helped in reducing tax rates, eliminate multiple point taxation, and develop revenues. Essentially, a uniform tax system has made India a common market and expand trade, business, and export.

  • E-payments

Bharat Interface for Money-Unified Payment Interface (BHIM UPI), with over 600 million sales 2019 alone, is the fortitude combining all banks and consumers and is being front-ended by many national and international digital programs. Paytm, Google Pay, Amazon pay etc all are setting their levels in the world of digitalization.

  • Ways of identification as a resident of India

Goverment of India newly gave a policy drive to secure that no Indian remains without a unique identity. Today, 99% of Indian adults have an Aadhaar identification number. The government further interlinked the status system with bank accounts and mobile numbers, appearing in the JAM (Jan Dhan-Aadhaar-mobile phone) trinity. JAM has shifted the fundamental digital design ushering in holistic economic inclusion.

Challenges for the future

Being the world’s fastest-growing economy, India’s main challenge is to guarantee the smooth distribution of that growth over income levels. Digital technology gives the highest potential for decreasing the gap between wealthy and poor customers.

But suggests, building comprehensive digital economies needs the combined action of governments, industry, financiers, and civil society. While the government seems to be moving up, how the private sector and global tech companies will present to equal Indian growth continues to be recognised.

What we see are the real changes that the digital revolution in India is holding on the economic growth of the country. If this remains, India should view a notable reduction in overall poverty rates accompanying economic development.

Conclusion

Since 2014, a slew of policy dimensions like Digital India, Skill India, Make in India, Startup India, and ‘Smart Cities’ have been revealed, while operating to eliminate bureaucratic red tape and secure the country more investor-friendly. India has jumped towards digital conversion. Its benefits in leveraging digital technologies for changing governance and the lives of every Indian.

“DIGITAL EQUALITY WILL ENSURE OVERALL EQUALITY”

[ad_2]

Source by Rahul Jain

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Where to Find Those Efficient and Hardworking Affiliates?

Published

on

[ad_1]

Everyone wants a hardworking affiliate, employee, associate, partner, or even spouse, and why not? It’s the next best thing to doing the work yourself. However with the massive outbreak of work and income opportunities available online, how can you beat everyone else and find that one (or more) ideal person who will make your online business explode with success? Here are some of the most ingenious and uncommon ways to snag the idea affiliates for your affiliate program

Direct Sales Agents

Direct sales people are really one of the most enterprising, hard-working individuals in business. They mostly work on commissions or rebates and are willing to literally go door-to-door offering their products to anyone and everyone they bump into. Imagine how much easier their job would be if they could be an affiliate and simply work via the Internet and a mobile device or desktop.

Also, most direct sales people tend to carry more than one brand in their product arsenal so signing up as an affiliate would be almost the same type of work but using a different approach.

Colleges and Universities

Many college kids would be interested in a part-time income opportunity if it would mean funds to help pay for their education, loan, or partying. All you have to do is make sure to offer them products they can endorse as a student.

Freelancers

Did you know that the U.S. Census Bureau’s latest annual report show that 75% of U.S. businesses used freelancers in 2011? Freelancers earned a whopping US$990 billion in 2011 which is a 4.1% increase from the previous year. The only industries where the number of freelancers decreased were in insurance, finance, and construction. Most probably your affiliate program isn’t a part of these 3 industries.

Furthermore, online business and finance experts are predicting the growth to increase incrementally every year even with an economy that is improving. People just want income security and more control over their earnings. With the spate of lay-offs, it’s understandable why many would prefer to work as an affiliate than as an employee.

Scout For Them At Affiliate Conventions

There are annual affiliate conventions held in different cities around the country. You should try to catch one when it is held somewhere near your location. The average turn-out for these types of conventions has increased regularly over the years. Last year, many of them were sold out weeks before the event.

Advertise!

The US Census Bureau has said that as of 2012, 15% of Americans are poor, 43% of young adults depend on their parents to some extent for money. Even more surprising is that the median income of young adults in 1982 was $31,583 and last year it was $30,604 for the same age group! Income is dropping and people are looking for ways to earn additional income outside of their 9 to 5 jobs. That’s where you can come in playing the hero and helping others realize their dream income.

Finally, go online and talk about your product. Make the affiliate marketers come to you and have the luxury of picking the best candidates. You will need some help in marketing your affiliate program so target a marketer who’s experienced in affiliate program and SEO.

[ad_2]

Source by Lina Stakauskaite

Continue Reading

News

Recession Is Here… Six Costly Mistakes Home Sellers Make During Recessions And How To Avoid Them

Published

on

[ad_1]

The U.S. is officially in a recession. What is a recession? A recession is a business cycle contraction or general economic decline due to significant drop in spending and other commercial activities. Most pundits and politicians will blame Covid-19 crisis for the recession, but even pre-Covid-19 the proverbial writing was on the wall.

The U.S. had over 120 months of economic growth, which was the longest expansion in the modern history. Other indicators, such as negative yield spread on treasuries (long term bonds having lower interest rates than short term T-notes), were pointing to an imminent change of the economic cycle and an impending recession. The only real question was: when and how bad?

Then Covid-19 came… If the cycle was going to change anyway, Covid-19 acted as a huge and unexpected accelerant to make the recession much more immediate and severe.

Inevitably during recessions all classes of real estate, including residential homes and condominiums, will be negatively impacted as lower consumer spending and higher unemployment rates affect real estate prices and marketing times.

Here are the six costly mistakes home and other real property sellers make during recessions and how to avoid them:

Mistake #1: This will pass and real estate market will be hot again soon

First thing to remember is that real estate cycles are much longer than general economic cycles. Even if the general economy recovers, which eventually it always does, a typical real estate cycle takes as long as 10 to 15 years. The cycle has four key stages: Top, Decline, Bottom and Rise.

Let us consider the last real estate cycle, which lasted approximately 14 years:

  • 2006 – Prices hit the Top
  • 2006 to 2012 – Prices Decline
  • 2012 – Prices hit the Bottom (Trough)
  • 2012 to 2019 – Prices Rise*
  • 2020 – Prices hit the Top
  • 2020 to? – Prices Decline

*NOTE: In 2016 the national residential real estate price index reached its pre-recession 2006 peak levels. It took 10 years for the real estate market to recover.

The way to avoid this mistake is to recognize that real estate cycles take years to run and plan accordingly. Additionally, nobody knows for sure when the prices will hit the top or bottom until after the fact.

Mistake #2: Low interest rates will make the economy and real estate market rebound

Between 2006 and 2011 the interest rates (Fed Funds) were continuously cut by the Federal Reserve Board and went from low 5% to almost 0%. However, that did not stop the real estate recession and depreciation of property values.

Undoubtedly, low interest rates made the economic decline and real estate recession less severe and saved some properties from foreclosures, but it still took six painful years for the real estate market to hit the bottom and then four more years for the prices to go back to their pre-recession levels.

Some markets had never fully recovered. For example, residential home prices in some parts of California, Arizona and Nevada are still below their 2006 highs.

To avoid this mistake, one needs to realize that although low interest rates help stimulate the economy and the real estate market, they do not cure them.

Mistake #3: I don’t need to sell now, so I don’t care

If you do not need to sell until the cycle plays out, which typically is over ten years, then you will not be as affected, especially if you have a strong equity position, limited mortgage debt, and solid liquid assets.

However, it is good to keep in mind that “life happens” and either professional or personal circumstances can change and we may need to sell property before the downturn runs its course.

Furthermore, if a property has a mortgages and its value declines to the point being “upside down,” meaning the mortgage loan balance exceeds the value of the property, then the options of selling, refinancing or even obtaining an equity line of credit, will be significantly limited.

This does not mean that everybody should be rushing into selling their real estate if there is no need to do so, just keep in mind that circumstances may and often do change and property options will be affected, so plan in advance. As one wise proverb says: “Dig your well before your thirst.”

Mistake #4: I’m selling, but I won’t sell below my “bottom line” price

This is a common and potentially very costly mistake. Generally speaking, every seller wants to sell for the highest price and every buyer wants to pay the lowest price. That’s nothing new. When selling real estate, most sellers want to achieve a certain price point and/or have a “bottom line.”

However, it is important to understand that the market does not care what the Seller, or his/her Agent, think the property value should be at. The market value is a price a willing and able buyer will pay, when a property is offered on an open market for a reasonable amount of time.

Overpricing property based on Seller’s subjective value or what is sometimes called an “aspirational price,” especially in a declining market, is a sure first step to losing money. When a property lingers on the market for an extended period of time, carrying costs will continue to accumulate and property value will depreciate in line with the market conditions.

Additionally, properties with prolonged marketing times tend to get “stale” and attract fewer buyers. The solution is to honestly assess your selling objectives, including the desired time-frame, evaluate your property’s attributes and physical condition, analyze comparable sales and market conditions, and then decide on market-based pricing and marketing strategies.

Mistake #5: I will list my property for sale only with Agent who promises the highest price

Real estate is a competitive business and real estate agents compete to list properties for sale which generate their sales commission incomes. It is not unusual that Seller will interview several agents before signing an exclusive listing agreement and go with the agent who agrees to list the property at the highest price, often regardless if such price is market-based.

Similarly to Mistake #4, this mistake can be very damaging to Sellers, as overpriced properties stay on the market for extended periods of time costing Sellers carrying expenses such as mortgage payments, property taxes, insurance, utilities and maintenance.

Furthermore, there is the “opportunity cost” since the equity is “frozen,” and it cannot be deployed elsewhere till the property is sold. However, the most expensive cost is the loss of property value while the real estate market deteriorates.

During the last recession, we have seen multiple cases where overpriced properties stayed on the market for years and ended up selling for 25% to 40% below their initial fair market values.

The solution is to make sure that your pricing strategy is based on the market, not empty promises or wishful thinking.

Mistake #6: I will list my property only with Agent who charges the lowest commission

Real estate commission rates are negotiable and not set by law. A commission usually represents the highest transactional expense in selling real properties and is typically split between Brokers and Agents who work on the transaction

Some real estate agents offer discounted commissions, in order to induce Sellers to list their properties with them. But does paying a discounted commission ensure savings for the Seller? Not necessarily.

For example, if the final sales price is 5% to 10% below property’s highest market value, which is not that unusual, due to inadequate marketing, bad pricing strategy, and/or poor negotiation skills, it will easily wipe out any commission savings and actually cost the Seller tens of thousands of dollars in lost revenues.

The solution is to engage an agent who is a “Trusted Advisor,” not just a “Salesperson.” A Trusted Advisor will take his/her time and effort to do the following: 1) Perform Needs Analysis: listen and understand your property needs and concerns; 2) Prepare Property Analysis: thoroughly evaluate your property and market conditions; 3) Execute Sales and Marketing Plan: prepare and implement custom sales and marketing plan for your property; and 4) Obtain Optimal Results: be your trusted advocate throughout the process and achieve the best possible outcome.

Finding such a real estate professional may not be always easy, but it certainly is worth the effort and will pay off at the end.

In conclusion, this article has outlined six costly mistakes real estate Sellers make during recessions and how to avoid them. The first mistake is not understanding that real estate cycles are long and take years. The second mistake is a misconception that low interest rates alone will create a recovery. Another mistake is not realizing that circumstances may change and not planning in advance. Mistakes number four, five and six pertain to understanding the market value, proper pricing and selecting the right real estate professional.

By understanding and avoiding these mistakes, real estate Sellers have significantly better chances of minimizing the negative impact of a recession while selling their properties.

[ad_2]

Source by Robert W. Dudek

Continue Reading

News

Useful Tips To Build The Best Gaming Computer

Published

on

[ad_1]

Every gamer will want their computer to be the best gaming computer among their peers. Sometimes, with a little knowledge and tips and tricks, it is possible to build the best gaming computer and show it off to your peers. This article will show you how:

1) You can’t get the best gaming computer from computer retailers

If you want to get the best gaming computer, you have to build your own. Different gamers have different requirement for their gaming machine. Unless you are willing to pay a high price, you will not be able to buy a commercial computer that fulfills all your gaming needs. The only option you have is to build your own gaming computer.

2) You don’t have to be rich to build the best gaming computer

It is not necessary to burn a hole in your pocket to build the best gaming computer. With some due diligence, do some market research and compare prices around the marketplace. Merchant such as TigerDirect and NewEgg give regular discount to their products and you could save a lot of money if you catch them during their promotional period.

3) Most expensive parts do not have to be the best part

Sometime, the latest model or the most expensive model does not have to be the best part for your computer. It requires various components to work together to form the best computer system. When choosing a computer part, what matters is how well it can integrate with the rest of the components. Compatibility is more important than individual performance. What use is there if you spend lot of money on the latest quad-core processor and find that your motherboard doesn’t support it?

4) You don’t need to change the whole PC to own the best gaming computer

It is a misconception that you have to change the whole gaming machine to build the best gaming computer. If you already have a good barebone system, what you need to do is to upgrade the necessary parts and your gaming computer can roar back to life instantly.

5) Brand is important

Unless you want to see your computer system malfunction every few days, it is important that you purchase the parts from branded manufacturers with strict quality control. Motherboard brand such as Gigabyte, ABIT, ASUS are some quality brands that you can consider

If you follow diligently to the tips stated above. You will be on your way to build the best gaming computer. While price can be an issue, it is better not to scrimp on important computer parts such as motherboard, CPU, RAM and graphics card as it will cost you more to upgrade in the future.

[ad_2]

Source by Damien Oh

Continue Reading

Tags

Live Statistics

Trending