phones will be spurring the social and economic development of the country. Conducted by the Cologne Institute for Economic Research (IER Cologne) on behalf of the Vodafone Institute for Society and Communications, the study reveals that India's per capita GDP will grow by $51 per year between 2010 and 2020 due to rising mobile phone subscriptions.
In India and elsewhere, mobile phones have become an intrinsic part of most people's lives, connecting them to the rest of the world. A study titled, 'Mobile Technologies — The Digital Fabric of our Lives', reveals how these small devices are economic heavyweights that positively influence social development. Over time, the report states that mobile subscriptions' contribution to India's GDP per capita growth will be 11.4% (2010-2012), 4.9% (2012-2015) and 2.1% (2015-2020). Mobile devices contribute to economic growth due to their increased use, which has risen sharply.
Econometric analyses were used to verify the correlation between mobile technology penetration and progress in social development. The study indicated that mobile phones support democratic participation, increase gender equality and improve education opportunities, while also making a significant contribution to economic growth.
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