Digitalization Impact on Entrepreneurial Competencies of Business in India

Abstract

Digitalization in entrepreneurial practices plays an important role in today's Business world. It provides a platform for business growth, new opportunities and market expansion. The Digital India initiative aims to transform India into a digitally empowered society and knowledge economy. Digital India has its own advantages first one is the transparency in transactions of money, the illegal cycle of black money is greatly reduced. Auditing would be made easier. Handling of large databases through servers for verification purposes. Online business is promoted by it. The money can be accessed at no time. Digital India initiative is quickly becoming one of the most important aspects of business market, which provides incredible benefits to millions of producers as well as customers worldwide.  With the help digitalization one can not only generate more business but can also connect with more customers and serve them on a higher level.  Thus Digitalization have greater impact on entrepreneurial competencies of any country. Present paper explores the importance of Digital India initiative to foster business growth. This paper evaluates main features, challenges and opportunities of digital India initiative.