Economic Development through Information Technology in India | Original Article

ABSTRACT:

What contribution can information technology (IT) make to India’s overall economic development? This paper offers some perspectives that can help answer of this question as using concepts and analysis from economic theory. It examines the theory and evidence for comparative advantage, complementarities, and a special role in the innovation process as factors that make IT special. The paper also considering opportunities for future growth in India’s IT sector, existing and potential constraints and possible policy responses that can help IT contribute to broader economic development. In this paper, I assume a basic familiarity with the general structure and performance of the Indian economy and the economic reform process that has been taking place through the last decade or more. However, I provide a brief review of the industry in this introduction.