How to Cite:
Dr. M. Ravinder, "Transformation of the Indian Economy Through Digitalisation: An Overview of Opportunities and Challenges" International Journal of Humanities Science Innovations and Management Studies, Vol. 2, No. 5, pp. 1-5, 2025.

Abstract:
India is striving to emerge as a major global economic player by 2047, marking 100 years of independence, with the ambitious vision of Viksit Bharat@2047. A central pillar of this transformative journey is the Digital India initiative, launched in 2015, which aims to digitally empower citizens and transform the nation into a knowledge-driven economy. Digitalisation is seen as a key driver of rapid economic growth, inclusivity, and sustainable development. This paper examines the multiple dimensions of digitalisation in the Indian economy, focusing on how digital technologies are reshaping production processes, governance systems, service delivery, and financial inclusion. The opportunities created include improved efficiency, greater transparency, enhanced access to services, and the potential to accelerate progress towards the Sustainable Development Goals (SDGs). Moreover, digital platforms have enabled innovation, entrepreneurship, and new business models, offering India a chance to position itself as a global digital hub. At the same time, significant challenges remain. Digitalisation has not adequately absorbed the growing pool of educated manpower, contributing to jobless growth and skills mismatches. The emergence of corporate giants and digital monopolies has altered production relations, raising concerns about market concentration, inequality, and economic dependence. Furthermore, issues of cybersecurity, digital literacy, and equitable access need urgent attention. This review paper concludes that while digitalisation offers immense opportunities for India’s economic transformation, strong political will and policy interventions are required to address employment generation, inclusivity, and sustainable growth.

Keywords: Digitalisation, Indian Economy, Viksit Bharat@2047, Sustainable Economic Growth, Digital Monopolies, Inclusive Development, Digital India.

References:
[1] Byju’s, Digital India Mission Overview, 2023. [Online]: Available: https://byjus.com/free-ias-prep/digital-india/
[2] Digital India Programme, Government of India, 2015. [Online]: Available: https://www.digitalindia.gov.in/
[3] Government of India, Viksit Bharat@2047, Vision Document, 2023.
[4] Dr. Deepak Mishra et al., The State of India’s Digital Economy Report 2024, ICRIER.
[5] India AI, Expansion of Digital India Programme, 2023. [Online]: Available: https://indiaai.gov.in/
[6] Indian Council for Research on International Economic Relations (ICRIER), State of India’s Digital Economy Report, 2024.
[7] NextIAS, Digital India Mission: Objectives and Outcomes, 2023. [Online]: Available: https://www.nextias.com/blog/digital-india-mission/
[8] OECD, Digitalisation and the Future of Work, Organisation for Economic Co-Operation and Development, 2022.
[9] United Nations, Sustainable Development Goals (SDGs), 2015. [Online]: Available: https://sdgs.un.org/goals
[10] Hassan, W. U., Nawaz, M. T., Syed, T. H., Arfeen, M. I., Naseem, A., & Noor, S. (2015). Investigating Students' Behavioral Intention Towards Adoption of Mobile Learning in Higher Education Institutions of Pakistan. Technical Journal of University of Engineering & Technology Taxila, 20(3).
[11] MRM Reethu, LNR Mudunuri, S Banala,(2024) "Exploring the Big Five Personality Traits of Employees in Corporates," in FMDB Transactions on Sustainable Management Letters 2 (1), 1-13
[12] P. K. Maroju, "Empowering Data-Driven Decision Making: The Role of Self-Service Analytics and Data Analysts in Modern Organization Strategies," International Journal of Innovations in Applied Science and Engineering (IJIASE), vol. 7, Aug. 2021.