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India’s digital profile and footprint are fast changing with growing digitisation and digitalisation of services. The country has over 1 billion mobile phone users and digital identities, and half a billion internet users.
The Indian information technology (IT), IT-enabled services (ITeS) and business process management (BPM) industry has grown significantly over the years.
World over, governments are making significant efforts to develop smart cities in order to improve the quality of life and help create a sustainable and intelligent environment.
The payments ecosystem in India has changed dramatically over the past few years owing to the government’s Digital India initiative and its impetus to non-cash payments.
As expected, the Union Budget 2018 has provided an impetus to the Make in India initiative. In the telecom sector, it has increased the import duty on mobile handsets, the third hike since July 2017, and associated components.
These are testing times for Indian telecom operators. The entry of Reliance Jio Infocomm Limited (RJIL) and the resulting competition have taken a serious toll on operators’ bottom lines.
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