Apart from underscoring the influence of the digital public infrastructure, the Economic Survey additionally listed the use-cases of environment friendly use of know-how in areas reminiscent of taxation, taking digital providers to villages and rural areas, digitisation of assorted central and state authorities tasks, agriculture and mining amongst others.
The “economy has started benefiting from the efficiency gains resulting from greater formalisation, higher financial inclusion, and economic opportunities created by digital technology-based economic reforms,” the survey famous. The use of know-how, particularly digital know-how, undergirds the reforms, it added.
Technology has been a serious enabler of simplifying tax-reforms, enhancing compliance, and bettering fraud detection methods, which in flip has led to larger income buoyancy, the survey famous.
As the digital built-in system allows a number of consistency checks, there are much less situations of tax evasion, which results in higher earnings reporting, and due to this fact larger tax collections, the survey stated.
The use of know-how additionally enabled the federal government to effectively implement social sector schemes and be sure that the profit reached the supposed beneficiary in time, even throughout the pandemic, the survey stated.
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These transformations occurred via technology-backed authorities schemes such because the Aspirational Districts Programme, which made in depth use of Aadhaar, direct profit switch, and varied different training and well being initiatives, it stated.The training of youngsters, for instance, might proceed uninterrupted throughout the pandemic with authorities supported technology-backed initiatives such because the institution of sensible lecture rooms, info and communication labs in faculties, help for {hardware}, instructional software program, and e-content for instructing, the survey famous.
Similarly, the introduction of web-based inspection to make sure transparency and accountability in enforcement has began a brand new wave of labour reforms, the survey famous.
“Taking digitisation and technology to the rural economy has also been a key aspect of the rural development agenda, be it in agricultural activities or governance,” the Survey stated. A main focus has additionally been on the well being parameters of the agricultural inhabitants, it added.
It has additionally outlined used of know-how in areas reminiscent of larger photo voltaic adoption, driving clear vitality transition, and rising mining output.
“History suggests that when different aspects of human development like education, skill, employment, health, and rural development are dovetailed with technology, all-round revolutionary innovation resulting in technology-led growth and prosperity follow,” it stated.
Source: economictimes.indiatimes.com