NEED FOR DIGITALIZATION OF THE INDIAN ECONOMY AND ITS IMPACT ON CORPORATE FINANCIAL RETURNS

Digitalization refers to the application of digital technology into daily living establishing relationship between various segments of the society. It significantly impacts on economy in terms of increased speed of economic activities, enhanced efficiencies and better growth prospects. We are living in a Digitalized World where we have witnessed the Digitalized business processes by incorporating it in our day to day lives. The government is pushing and encouraging the Indian economy to be cashless and reduce dependency on liquid transactions. The study focus on the need for digitization of the Indian Economy and its impact on Indian Banking sector. The scope is limited to make a small level of analysis on the need for digitalization and its impact on the Indian economy. Secondary data will mainly be taken from newspapers, published journal and the company’s website. The study is a quantitative research, it provides the fundamental connection between empirical observation and mathematical expression of quantitative relationships. Grounded theory is one method of observing and categorizing data, the other two being ethnography and experimentation. Hence concluding, “The country is still in the growing stage of Digital era and is increasing rapidly day by day”