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Emerging Digital Technologies to Generate $1 Trillion in Economic Value for India

Digital technologies across sectors such as retail, financial services, healthcare, energy, manufacturing and infrastructure will be fuelling the growth

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Digital, Technologies, Economic
India is poised to be a game-changer in the world digital economy by empowering its citizens and revolutionizing businesses. Pixabay

Emerging digital technologies are expected to generate $1 trillion in economic value for India — spearheading the $5 trillion economy ambition by contributing 20 per cent to the countrys nominal GDP and sustaining 60-65 million jobs by 2025, an EY report said on Monday.

By 2025, India is expected to have 90 per cent Internet penetration with 850 million users, with rural base growing 2.5 times as compared to the urban base, the report added.

“India is at an inflection point — digital has changed the way people communicate, socialize, create, sell, shop and work. India is poised to be a game-changer in the world digital economy by empowering its citizens and revolutionizing businesses,” said Prashant Singhal, Emerging Markets TMT (technology, media and telecom) and Leader, EY.

Digital technologies across sectors such as retail, financial services, healthcare, energy, manufacturing and infrastructure will be fuelling the growth, resulting in employment generation, increased local and regional entrepreneurship and facilitate equitable socio-economic growth.

Digital, Technologies, Economic
By 2025, India is expected to have 90 per cent Internet penetration with 850 million users, with rural base growing 2.5 times as compared to the urban base, the report added. Pixabay

“Digital economy has the potential to sustain 60-65 million employment opportunities for women, differently-abled people, skilled and semi-skilled workers across digitally enabled businesses in urban, semi-urban and rural areas,” the EY report mentioned.

In the last four years, 268 mobile and mobile component manufacturing units have been set-up, generating 670,000 direct and indirect jobs under the electronic manufacturing initiative.

Domestic electronics manufacturing could generate economic value of $100 billion to $130 billion by 2025, the report said.

The Internet user base in India is expected to reach 627 million by the end of 2019 – second only to China, which is expected to reach about 850 million by 2025.

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However, the Internet penetration is at only 36 per cent – indicating significant growth opportunities.

Rural Internet users are expected to increase by 2.5 times, in comparison to the urban internet users – providing a huge impetus for the next big wave of growth.

The Indian e-commerce and consumer internet sectors are expected to reach $200 billion by 2027 and is a significant avenue to provide employment and build entrepreneurship in the country.

Digital, Technologies, Economic
India is at an inflection point — digital has changed the way people communicate, socialize, create, sell, shop and work. Pixabay

“In 2018, the sector raised over $7 billion in PE/VC capital (including venture debt) across approximately 200 deals, and seven companies reached the coveted unicorn status. 2019 has already seen five companies achieve the unicorn status,” the findings showed.

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By scaling 80 per cent of India’s e-commerce supply chain to digital value chain could generate an additional economic value of $5 billion to $10 billion in 2025, added the report. (IANS)

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Here’s How Excessive Screen Time Can Affect Your Health

Can excessive screen time cause skin ageing? Find it out here

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Screen time
More time is being spent on smartphones, tablets or computer screens and less and less time spent playing outside, reading a book, or socializing with peers. Pixabay

BY PUJA GUPTA

Screens are everywhere in this day and age. Digital devices have become less of a pastime and more of a troubling habit. Exposure to adequate levels of natural light during the day has been reduced and there is over exposure to relatively high levels of artificial light at night. More time is being spent on smartphones, tablets or computer screens and less and less time spent playing outside, reading a book, or socializing with peers.

Sitting at a computer all day and peering into the phones at night, the screen time exposure is much more than the previous generations. This has led to a growing concern over the safety of these light sources as we don’t yet know even half the damage that all of this may, or may not, be doing to our body.

Excessive screen time has been linked to insomnia, mood disturbances and eye damage previously, and now a new aspect of its relation with skin ageing is under research. Dr Richa Nagpal, Consultant, Dermatology, Fortis Hospital, Noida explains this in detail.

Screen time
Sitting at a computer all day and peering into the phones at night, the screen time exposure is much more than the previous generations. Pixabay

All the digital screens are known to emit high energy visible light also called as ‘The Blue light’. As the name suggests, it lies in the spectrum of visible light and has a short wavelength (450-490 nm) and higher amount of energy. Sunlight is the major source of blue light outdoors and the LEDs, fluorescent lights and digital screens (found on TVs, smartphones, computers, laptops, tablets and gaming systems) form the main indoor sources.

Although, the amount of high energy visible light these devices emit is only a fraction of that emitted by the sun, but the amount of time people spend using these devices and the proximity of these screens is a cause of concern.

Excessive screen time has been linked to insomnia, mood disturbances and eye damage previously, and now a new aspect of its relation with skin ageing is under research. Natural skin ageing is a gradual process that occurs over a period of years. The production of reactive oxygen species increases with age and the ability of human skin cells to repair DNA damage steadily decreases with ageing.

The primary concern with exposure to blue light is that it generates free radicals, which plays an important part in skin ageing. Since it has high energy it can penetrate deep into the collagen and elastin causing further skin damage.

Screen time
Excessive screen time has been linked to insomnia, mood disturbances and eye damage. Pixabay

Excessive screen time also disrupts the circadian rhythm, which is necessary for a sound sleep and the cellular repair which is greatest at night. So, on top of accelerating the production of free radicals, the regeneration process of skin is also compromised. Theoretically, an increased risk of pigmentary disorders such as hyperpigmentation is there with chronic use of smartphones and other electronic devices.

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A lot of research is being done into the effects of visible light on skin and as of now the likelihood that blue light leads to premature ageing of the skin is very remote and its role in hyperpigmentation remains speculative. However, keeping in mind the probable health concerns associated with the blue light, the screen time should be minimised. It is a good idea to shut off all the digital devices a couple of hours before bed.

Further exposure can be reduced by either adjusting the level of blue light on the screens or use of specialised screen that filters blue light. (IANS)