Abstract

The business world is changing very fast. The world business prospects changes its shape with the upgradation of technology and infrastructure. But India still has a long way to go in terms of fully embracing e-commerce, e-government and global e-trade. Fortunately, this creates a myriad of opportunities; Smart phone penetration in India is one of the highest in the world and here too we have tremendous opportunity for commerce. India needs to move more quickly towards becoming a free Wi-Fi zone as this will open more opportunity for new business creation and trade. Keeping the emerging market of Indian Economy, the policymaker should focus on the up-gradation of digital infrastructure for the development of the Economy. It is essential to understand to digital economy. This paper discusses the strength and challenges for Indian Economy.

Keywords: Digital Economy, Globalization, Services