• Ms. Khushi Maheshwari
• Mr. Sahil Murjani
• Dr. Devyani Chatterji

The digital economy, characterized by the widespread adoption of digital technologies and the internet, has ushered in an era of unparalleled integration in the global economic landscape. It has revolutionized the way we conduct transactions, employs automation, and pursue convenience and economic growth. This remarkable transformation has, however, not been without its complexities and challenges, which this research paper endeavours to examine in depth. While the digital economy offers numerous benefits, it also presents a double-edged sword of challenges that demand careful analysis. As businesses and individuals increasingly rely on digital platforms, they become vulnerable to cybersecurity threats, data breaches, and privacy concerns. The digital divide persists, leaving certain populations marginalized due to limited access to technology. Automation and artificial intelligence disrupt labour markets, raising questions about job displacement and skills gaps. Additionally, the dominance of tech giants in the digital ecosystem raises antitrust and regulatory issues, which certainly lack accountability for any tech mishaps. Lastly, the tech-oriented monetary system, which is now apparently irreversible, has given rise to hollow instruments like crypto-currency. This research paper seeks to shed light on these challenges by conducting an in-depth examination of their significant impact. Moreover, it also aims to explain the alarming nature of digital issues to the audience which strives to come up with solutions for a safe and accountable economy tomorrow. Through rigorous qualitative analysis, the paper aims to provide a comprehensive understanding of the digital economy's dual nature – as a catalyst for progress and a source of intricate challenges.

Digitization, Data, Safety, Privacy, Employment, Accountability, Taxation, Crypto

"DIGITAL ECONOMY: A DOUBLE-EDGED SWORD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.d331-d337, November-2023, Available :http://www.jetir.org/papers/JETIR2311344.pdf

"DIGITAL ECONOMY: A DOUBLE-EDGED SWORD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppd331-d337, November-2023, Available at : http://www.jetir.org/papers/JETIR2311344.pdf