One could argue that India's economic outlook is far brighter than it was in 2013. Industry experts and government officials are optimistic regarding India's progress on the global scale; yet all may not be as rosy as the technophiles may portray. While India has the advantage of demographic dividend, yet without technological advances that will break the down the obstacles and ensure jobs, India will find itself in an unenviable position. Hence this week, at the India Economic Summit debate, we explore the strong demographic dividend amidst a growing entrepreneurial ecosystem and a large domestic market, to assess whether the time is right for India's economy to soar? In relation, we debate how can India transform the state of its economy and people through digital transformation? What steps can the government take to enhance India's innovation ecosystem? Can tech-driven businesses honour the social and economic needs to further fuel India's economic growth? What role could international businesses play to improve India's economic landscape? Is digital revolution the need of the hour or an over-hyped concept alien to India due to the persistent 'digital divide'?