The internet revolution

14. The internet revolution 10 Best Innovative Startups in India 2022

India is experiencing the revolution of the internet. In the beginning, the internet was only available for education and research purpose. Videsh Sanchar Nigam Limited (VSNL) launched the internet in India, in 1995 for the general public.

In 2015, India received high-speed 4G internet, 1GB of mobile data cost 225 rupees in India. However, just over five years later, the industry has seen a significant drop in pricing, which has aided in the true launch of the country’s internet economy. The debut of Mukesh Ambani’s 4G mobile network, Reliance Jio, on September 5, 2016, sparked a substantial drop in data prices. Customers were enticed by Reliance’s offer of free 4GB of data each day. Within six months of Reliance Jio’s introduction, India had surpassed China as the world’s leading mobile data consumer, consuming over 1 billion GB of data per month, up from 200 million GB previously.

A majority of the country has switched to digital payments and feels comfortable conducting video conversations. In light of the new normal, educational institutions are relocating their educational activities to the internet. People are looking for alternatives to traditional ways of life outside of the mainstream. All of this was made possible by the humble beginnings of the worldwide web in India. While most of us are aware of how the Internet has shaped the lives of Indians over the last two decades, today marks the 25th anniversary of the internet in India.

In 2020, India had 92.57 million internet users and it is increased up to 845.68 million by 2021. Further, it is assumed to count 1,532.3 million (1.5 billion) by 2040.

Importance of Internet

The internet is helpful in the following sectors:

  • Digital transformation
  • Rural development
  • Business growth and development
  • Educational development
  • Easy lifestyle

Typically each and every section requires the internet for better transformation.

Sectors transformed due to internet revolution

The Internet revolution brings the changes in the following sectors in India:

Local environment

Today, the internet is used by millons of individuals, who send billions of terabytes of data through the internet.  It has connected the world, reducing the importance of national, social, and economic boundaries. As video and voice calling has become more affordable and popular, it has drastically changed the way people communicate. The Internet gives an opportunity to people from rural areas to start a business online. Internet reduced the gap between urban and rural areas in India.

Corporate World

The Internet revolution also reshaped the corporate world. Today, the world’s most powerful corporations are technology companies, and no organization can thrive without digitizing substantial portions of its operations. The internet has opened the door to a boundless virtual arena where Society’s norms are shifting, resulting in a parallel universe. People are reprimanded and rewarded in virtual public squares across the internet, from Facebook to Twitter.

Education

Though the internet has long been used for schooling, the Covid-19 outbreak accelerated its spread in India.  In India, every student uses the internet due to its inexpensive cost and accessibility.

E-Commerce and internet banking

Everyone has adopted the internet due to its accessibility and affordability. Many e-commerce platforms are expanding their operations overseas. The growth is observed in internet banking. It is an internet-based electronic payment system that allows a bank or financial institution’s customer to conduct financial or non-financial transactions.

Digitalization

Digitalization could not possible without high speed, reasonable cost and structure. It is simply possible because of the revolution on the internet. Digital India is the major project of the Government of India. It aims the transform India into a digitally empowered society and knowledge economy. Many projects are under E-governance which focused mainly on the development of information systems. then many states started ambitious individual e-governance projects aimed at providing electronic services to citizens.

Conclusion

The present article provides an overview of India’s internet revolution. India is currently in the middle of a revolution. In India, the internet will continue to evolve with greater benefits.

– Varada Ukidave

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