Don’t be afraid of crypto or digital currency, let the youth take advantage of the expansion of online services

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Don’t be afraid of crypto or digital currency, let the youth take advantage of the expansion of online services

Illustration Prajna Ghosh | theprint

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The post-Covid world is witnessing an explosion of global digital services and this time it is not just about software engineers. More and more businesses, homes and organizations around the world are now engaging in some aspect of the digital economy. Post-pandemic, there has been a huge demand for services ranging from yoga classes to account-keeping that can be provided from anywhere in the world.

The question now is how policy makers manage to help India’s labor force and economy benefit from the expansion of the digitally interconnected global services market. There is huge potential for India to take advantage of in this new world. It has the youngest and largest labor force in the world.

Especially young people are the fastest to adopt new technology and methodology. They are quick to adopt mobile apps and digital transactions and are also ahead in learning new skills. The English language is an added advantage. India is more capable of offering competitive rates than many other countries.

The question is whether the policy makers of India are suited to take advantage of these opportunities to the youth of the country.
Can you give the atmosphere?


ALSO READ: How India’s informal economy is shrinking and why that’s good news in the long run


India’s edge

China took advantage of the wave of global growth in exports from large-scale manufacturing, while it missed
Gaya. In terms of initial conditions, India has a better capacity to expand in the services sector.
Reason can take advantage of the next wave that is coming.

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