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CATALYSING INDIA'S DIGITAL-FIRST ECONOMY: THE SMART WEARABLES PERSPECTIVE
BW Businessworld
|January 25, 2025
INDIA'S electronics industry is set to play a key role in the nation's economic growth with domestic production expected to reach $300 billion by 2026.
This trajectory reflects the success of initiatives like Make in India, Digital India, Atal Innovation Mission, Skill India, and MeitY's TIDE 2.0, which have driven innovation, self-reliance, and global competitiveness. But there is still untapped potential and the upcoming budget presents an opportunity to address critical challenges and unlock new opportunities. In the case of smart wearables, it's transforming how we live, work, and connect, making these devices integral to India's digital ecosystem. From fitness tracking, health monitoring to digital payments and transit solutions, wearables are no longer mere accessories but essential tools in the era of connected living. Advanced technologies such as 'Tap and Pay' and the integration of the National Common Mobility Card (NCMC) are enabling users to make secure retail payments and pay for their transit in metro r
This story is from the January 25, 2025 edition of BW Businessworld.
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