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Macroeconomics of Digitalization—Evolving Issues and Perspectives

In: India’s Contemporary Macroeconomic Themes

Author

Listed:
  • Sakshi Awasthy

    (Reserve Bank of India)

  • Sarat Dhal

    (Reserve Bank of India)

Abstract

Despite the rapid pace at which digitalization has permeated various sectors of the economy, the assessment of its macroeconomic implications remains scarce in extant literature. This exploratory article provides a generalized perspective on the impact of ongoing digitalization on key economic indicators related to productivity and economic growth, inflation dynamics, financial markets, and currency demand. Deriving insights from contemporary literature in the field, we posit that the unprecedented advancements in technology can contest various postulates of conventional macroeconomic theory, thereby warranting agile policymaking to recalibrate the economy for the new digital order. This synoptic piece aims to encourage theoretical and empirical research works on the evolving issues of digitalization from the context of developing and emerging market economies.

Suggested Citation

  • Sakshi Awasthy & Sarat Dhal, 2023. "Macroeconomics of Digitalization—Evolving Issues and Perspectives," India Studies in Business and Economics, in: D. K. Srivastava & K. R. Shanmugam (ed.), India’s Contemporary Macroeconomic Themes, chapter 0, pages 343-356, Springer.
    • Handle: RePEc:spr:isbchp:978-981-99-5728-6_14
    DOI: 10.1007/978-981-99-5728-6_14
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