New Delhi: 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 entitled, ‘Mobile Technologies – The Digital Fabric of our Lives’, reveals how these small devices are economic heavyweights that positively influence social development.
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 US$51 per year between 2010 and 2020 due to rising mobile phone subscriptions.
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.
Economists at IER Cologne calculated the percentage of economic growth that can be attributed to the increase in mobile phone subscriptions. The figure for India was 11.4% of per capita gross domestic product (GDP) between 2010 and 2012. According to the IER Cologne experts’ forecasts, mobile phones will continue to make a significant contribution to economic growth up to 2020.
The study includes a survey by Vodafone analysts, which states there will be an estimated 69 mobile phone subscriptions for every 100 Indians in 2020. Indian citizens began using mobile phones much later than Europeans. In India and South Africa, rising mobile phone subscriptions accounted for 11% of economic growth and almost 20% in Egypt, between 2010 and 2012.
A study entitled, ‘Mobile Technologies – The Digital Fabric of our Lives’, reveals how these small devices are economic heavyweights that positively influence social development.
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 US$51 per year between 2010 and 2020 due to rising mobile phone subscriptions.
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.
Economists at IER Cologne calculated the percentage of economic growth that can be attributed to the increase in mobile phone subscriptions. The figure for India was 11.4% of per capita gross domestic product (GDP) between 2010 and 2012. According to the IER Cologne experts’ forecasts, mobile phones will continue to make a significant contribution to economic growth up to 2020.
The study includes a survey by Vodafone analysts, which states there will be an estimated 69 mobile phone subscriptions for every 100 Indians in 2020. Indian citizens began using mobile phones much later than Europeans. In India and South Africa, rising mobile phone subscriptions accounted for 11% of economic growth and almost 20% in Egypt, between 2010 and 2012.
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