Effects of mobile technology in economic development

Effects of mobile technology in economic development

Do mobile technology becomes the leapfrog in such developing economy of a country?

Do artificial intelligence can help in developing the economic condition of country?

             Mobile technology is not only capturing the Indian Markets whereas it is making hold all over the world.It is because it doesn't require the physical presence of the person to get enrol everywhere.Mobile technology is the biggest platform for the contribution in Indian economy.Now a days in this pandemic COVID-19 where every country is having a war type situation with an unseen enemy, where it can only be defeated by social distancing and awareness.

           Here mobile technology has been proven as a leapfrog for improving the perishing stage of Indian economy.This pandemic situation has worsen the condition of every individual,businessman,organisations because of complete lockdown.In this situation where no one can easily can share his views or efforts,the technology plays a role in maintaining the healthy relations among the business activities or monetary transactions.Not only this mobile technology is a hub of education, knowledge, views, networking among the peoples and organisation but it also fascilitates by reducing the physical efforts.Now all data has been stored in mobile applications,one can access every relevant information and can be in touch with each other while sitting at home.

 For example :

1. Share market, trading has been done through mobile which is a part of economy.
2. Banking issues and all transactions ,statements, savings & investments everything has been done through mobile.
3. News updates, Mass media communication, Social networking like whatsapp, facebook, instagram, you tube etc are one sort of mobile technology contributing in development of economy.
4. Now in lockdown situation companies are doing webinars, video conferencing, teleconferencing, emails ,newsletters, e-promotion or e-business which is playing a important role in maintaining the balance in economic condition.

        These are some technological boon which is helping mankind in this pandemic situation and providing a trust to go for more better and bright future.