Transforming the Digital Business Practices in India by Implementing a Systematic and Advanced Digital Business System: - A Lesson from Estonia

With the rapidly advancing digital technologies, it is also needed to digitalize the economic and business operations with optimum capacity so that an economy can rapidly develop its importance in the global face. Though the present value of the digital economy of India lies at $175 billion and will reach $1 trillion by 2030, it wouldn't be enough for the country to lead the world by competing with the US, UK, and other highly developed economies. India being the largest populated country in the world could take the opportunity to digitalize the business system and display its strength as a leading digital economy. The research paper proposes to improve the future of the digital business system of India by following the successful lesson from Estonia. In support of the literature review the concepts associated with the dynamic business environment, the importance of digital business systems in a dynamic business environment, and factors associated with digital business systems are briefed to increase more understanding of the readers on the research topic. As the dynamic business environment of India is associated with many challenges as well as opportunities, the opportunities part is mainly considered in the research to develop a digital business system in the country and reduce the excessive utilization of resources. The research paper presented the successful digital business system implemented by Estonia and followed it to transform digital business practices in India. By conducting the research it is found that India needs to restructure not only at regulatory but also political level in which the role of political and bureaucratic leaders would matter the most as their support in terms of creating a supportive environment would help the country to implement digital business system perfectly.