Question

role of information communication technology in Indian economy

Answer 1

Information Communication Technology has following 4 major roles in Indian Economy -

1. Buying Power has increased many folds
2. All the financial data is recorded and secured
3. Gives way to lot of foreign Imports, process is much faster
4. Education expense has become very low, which is the most important factor for any economy to thrive.

Answer 2

Information technology (IT) is an example of a general purpose technology that has the potential to play an important role in economic growth, as well as other dimensions of economic and social development. This paper reviews several interrelated aspects of the role of information technology in the evolution of India’s economy. It considers the unexpected success of India’s software export sector and the spillovers of this success into various IT enabled services, attempts to make IT and its benefits available to India’s rural masses, e-commerce for the country’s growing middle class, the use and impacts of IT in India’s manufacturing sector, and various forms of e-governance, including internal systems as well as citizen interfaces. The paper concludes with an overall assessment of these different facets of IT in the context of the Indian economy.