Advancement in technology is all-pervasive. Most things are now available at the touch of a button on a smartphone or a computer. Take a look at some compelling data – more than 460 million Indians use the internet, ranking our country second, after China, in the list of global internet users. Even in terms of the number of mobile phones, India is second globally with more than 1 billion users, out of which 371 million use the mobile to access the internet. The mutual fund industry, too, has embraced the advancement. Investing in mutual funds has never been easier, especially for the tech savvy. The digital revolution has made it possible to conduct the entire gamut of transactions from the convenience of one's home – and even save money in the process.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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