Modi 2.0 has cleared its agenda to drive India to a $5 trillion economy in coming 5 years that is by 2024. Technology, digitization, and modernization shall have a great role in pulling up the economy to $5 trillion levels. Certainly, there will be a great role of IT in this economic pull-up. Additionally, BJP election manifesto 2019 focuses on a $ 10 trillion economy by 2032. At present, India is an economy of about $ 2.6 trillion. So, it needs to about doubling its economy within 5 years and quadruple by the next eight years. Presently, only the US and China are in $10 trillion club. In addition, Japan, the only country, has $5 trillion in GDP.
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While reviewing our older blogs, I encountered with a blog about mobile app trends. My memory went back and truth revealed in my mind. Suddenly, I imagine, history repeating itself. It has been happening with Blockchain Technology and its Business Applications what already happened in the field of mobile application development. In this blog, we have described blockchain technology, blockchain business applications and applications trend in various industries, This includes industries like finance, ridesharing (taxi), digital advertising, etc.
We have been adding technology blog posts continually at Vardhaman Infotech since 2014. Our experts write blogs about technology- all about technology and the latest trends. Now, it is time to index these blog posts. As you know that we have been in website design and development since 2010 and in mobile application development since 2013. Hence, most of our contents are related to these technologies. We have started developing eCommerce websites with the trend and are also in Digital Marketing. Recently, we have come into Blockchain technology. Moreover, the tech-savvy generation is interested in reading our high quality, content-rich blogs.
We have large numbers of overseas clients along with the indigenous domestic customers. So, the blogs are written maintaining international standards. However, we also keep domestic customers in our mind.
TikTok has captured the world by storm, and this continues to expand dramatically and until or unless users replay it several times over, the app won’t be losing its charm. The extremely known social media app has become a big mainstream choice for both teenagers and adults respectively. It’s become so popular that virtually everyone looks at their marketing strategy to create a similar app that will target millions of users across the world.
Social media seems to be an immensely important element of life. Our lives have been influenced by popular social media applications, from communicating with different people all over the world to being used as an entertainment. We’ve got Twitter, Facebook, Instagram and applications to connect with friends and post articles about our lives. Furthermore, for our amusement, we have YouTube, Netflix and apps to stream videos and movies anytime, anywhere.
However, today, entertainment has improved and shifted to a new phase with apps like TikTok. TikTok has certainly developed a great deal of fan base and users. And that would be a prime reason why building a startup is becoming a decent bet.
Indian entrepreneurs encouraged for manufacturing
Few days back, during corona lock down, I got a phone call from a young jeweler who is in manufacturing of artificial Jewelry in Jaipur. He was worried about future of his business. Besides lack of demand, he was also worried about the Chinese components required for his manufacturing. He informed me that the China is the only source for artificial gemstones required for setting in the jewelry. India has a border issue with China and Indian citizens are in the mood of boycotting China and Chinese products. Hence, if he uses Chinese artificial gemstones, there is a fair chance of a boycott by Indians. I advised him to study if he can manufacture those artificial stones for domestic and international market. Also, I suggested him that this is a good time to explore because the whole world is thinking of an alternate of Chinese products. Moreover, the time clock for “Make in India” has also stuck.
Later on, he replied me with a positive response. He informed me that he has searched for the required machinery and chemicals needed to produce artificial stones. As it needs a bigger investment, he has also been negotiating with some fellow businessmen to come together. It is a well known fact that Jaipur is an international hub for colored gemstones. Plenty of skilled labor is available in the market. Hence, it is a suitable venue for producing artificial gemstones.
On Wednesday, a three-judge judiciary bench ruled in favor of lawsuits by crypto exchanges and startups who objected to the April 2018 Reserve Bank of India decision barring domestic financial firms from offering banking services for crypto exchanges.
The intervention of the central bank at the time compelled the country’s crypto exchanges to either cease, move to other jurisdictions or transfer their business strategy to crypto-to-crypto and off-the-counter transactions.