App Based Services to Get Cheaper In India

The Indian Space Research Organisation (ISRO) successfully launched the GSLV-F12 and NVS-01 missions, and this has had a positive impact on a number of industries, including food delivery and ride-hailing services like Zomato-Swiggy and Ola-Uber. The mission's goal is to use the NVS-01 satellite to launch India's own navigation system, known as NavIC (Navigating using Indian Constellation).

GPS (Global Positioning System) is currently utilised in services like food delivery and cab trips for map navigation. However, the cost of installing GPS navigation systems for businesses can result in higher service fees for clients. These businesses now have access to a less expensive map service thanks to NavIC, which will directly affect their operating costs. As a result, internet food delivery businesses and taxi firms might be able to lower their service fees, offering customers services that are more reasonably priced.

Regional navigation satellite system NavIC, created by ISRO, provides services to tactical customers like the military as well as regular users. In comparison to GPS, it provides more accurate position data and covers the entire nation of India as well as a region up to 1,500 kilometres from the border. India obtains more control and reliability over its navigation services and decreases its reliance on foreign satellites by developing its own navigation system.

The introduction of NavIC is anticipated to improve India's navigational capabilities and open the door for more affordable and effective services in a number of industries, including food delivery and ride-hailing.