Social Impact

With the advent of technological progress and development, there has been a significant impact on
how people lead their lifestyles , change in personality and changes in attitude of people around the
world .It has made people more adaptable to situations and circumstances making them risk averse
to complex professional and personal situations .The social factors have undergone a drastic and
radical change predominantly after the liberalisation policy of 1991.It made people more aware
about products and services available in the international market providing greater scope for
adaptability and acceptance.Technology acts as a positive influencer to humanity as it provides a
medium through which people understand about various practices around the world and provided
them an opportunity to come out of the womb to explore the world for their greater common good.

Cultural Impact

Technology has made a major role in the way cultures have been impacted making a paradigm shift
in the way cultures have been perceived by people in different parts of the world. It has made
people more culturally diverse but the underlying issue in this regard is that people are forgetting
their own culture which has a huge influence on how they represent themselves from a nations
standpoint.It plays a major role in the functioning of the economy from a wider scope as people
have become stubborn and redundant when it comes to adaptability in coping up with the available
resources to lead their lives.It is an issue which needs to be addressed as the economy shall not be in
a respectable situation at all points in time to suffice all the expectations of people and the demands
possessed by them.