Digital Economy and Developing Countries: Opportunities, Challenges and Developmental Implications

In modern era digital economy has very powerful tools of economic development in the global system. The digital economy is a part of business for spread the information and communication technologies in different commercial sectors to achieve the business goals. Basically, they referred to as the Internet, digital services and devices for consumers. In the last decade of the 20th century, digital economy rapidly growing and developed. The usage of the computers and internets has increased since the 1990s. That’s why the usage of digitization has also increased rapidly. But the good think means Digital transformation is limit than just the digitization. Digital Economy has considered how to change products, processes and organizations through the use of new and modern digital technologies. After adopting digital technology has gain various benefits in business all over the world. In developing countries digitalization is a support for developed our nation. They create the different opportunities to economic growth and promote employment generation. Digitalisation increase financial condition and improve governance mechanisms. For developing countries digitalization and structural change has a benefited to increase the infrastructure. But low digital literacy and handling challenges create the limitation on this process. On this research paper researcher studied the role of the digital economy in developing countries and focus on economic growth, employment opportunities, governance mechanisms and financial inclusion. In this study researcher also highlights key challenges and policy measures required to inclusive and sustainable digital development.