what are the role of information technology in indian economy?

Kamaini

New member
Information technology (IT) is playing a crucial role in contemporary society. It has transformed the whole world into a global village with a global economy, which is increasingly dependant on the creative management and distribution of information. Globalization of world economies has greatly enhanced the values of information to business organizations and has offered new business opportunities.

Today, IT provides the communication and analytical power that organizations need for conducting trade and managing business at global level with much ease. To coordinate their worldwide network of suppliers, distributors and consumers, organizations have developed global information systems that can track orders, deliveries, and payments round the clock. This has been possible because of the development of IT in its present form. In the broadest sense, information technology refers to both the hardware and software that are used to store, retrieve, and manipulate information. At the lowest level you have the servers each with an operating system. Installed on these servers are things like database and web serving software. The servers are connected to each other and to users via a network infrastructure. And the users accessing these servers have their own hardware, operating systems, and software tools.

In the last two decades, the Indian IT/ITES industry has contributed significantly to Indian economic growth in terms of GDP, foreign exchange earnings and employment generation. The industry has been the trigger for many "firsts" and has contributed not only to unleashing the hitherto untapped entrepreneurial potential of the middle class Indian but also taking Indian excellence to the global market.

Kamini
(Student-FOSTIIMA Business School)
 

drnaga

Par 100 posts (V.I.P)
Most of the IT jobs available for people here are outsourced ones, evidently helping the economy in a better way.
 

samcool1

New member
Mr Anand Sharma, Minister of Commerce, Industry and Textile, Government of India shares his views on the recent economic reforms. Check out the view of Anand Sharma on Indian Economy ibef.org/resources/perspectives.aspx
 

puneet.jaiswal1

Par 100 posts (V.I.P)
Information technology (IT) is playing a crucial role in contemporary society. It has transformed the whole world into a global village with a global economy, which is increasingly dependant on the creative management and distribution of information. Globalization of world economies has greatly enhanced the values of information to business organizations and has offered new business opportunities.
Today, IT provides the communication and analytical power that organizations need for conducting trade and managing business at global level with much ease. To coordinate their worldwide network of suppliers, distributors and consumers, organizations have developed global information systems that can track orders, deliveries, and payments round the clock. This has been possible because of the development of IT in its present form. In the broadest sense, information technology refers to both the hardware and software that are used to store, retrieve, and manipulate information. At the lowest level you have the servers each with an operating system. Installed on these servers are things like database and web serving software. The servers are connected to each other and to users via a network infrastructure. And the users accessing these servers have their own hardware, operating systems, and software tools.
 
Information technology plays very vital role in Indian Economy. Information Technology has bought everyone closer and connected us globally. Without Information Technology, development of the economy can't take place. here are some advantages of Indian Economy. After looking at the advantages, you will definitely get to know about why it is important.

Advantages of Information technology

Increases production and saves time
Improves communication through communication technology
Storing and Protecting Information
Automated Processes
Work Remotely
Communication
 
The role of information technology in indian economy is very crucial. It has enhanced the communication system, increases employment opportunities and many more. I am uploading a presentation which will describe the importance of IT in Indian economy nicely.
 

Attachments

  • role of information technology in indian economy.ppt
    266 KB · Views: 3
Top