IDEAS home Printed from https://ideas.repec.org/a/jct/journl/v10y2015i2p98-102.html
   My bibliography  Save this article

Position of Information Technology in Service Sector of Indian Economy

Author

Listed:
  • Dr. Kavita Sexena

    () (Assistant Professor, Department of Economics, D.N. (PG) College, Meerut)

Abstract

Indian economy is one of the world's largest economies. India has made substantial economic and social development during the recent past. It has been observed earlier that Indian economy is yet to overcome climatic shock. Information Technology (IT) is an important emerging sector of the Indian Economy. This paper examines the India's IT industry and also studied the impact of IT on the Indian Economy. The IT sector has served as a fertile ground for the growth of a new entrepreneurial class with innovative corporate practices and has been instrumental in reversing the brain drain, raising India's brand equity and attracting foreign direct investment (FDI) leading to other associated benefits. The Size of this sector has increased at a tremendous rate of 35% per year during the last 10 years. Its contribution to the national gross domestic product is expected to be around 12.4 by the year 2013-14, quite similar to that in the United States today. Special subsidies or export incentives are likely to be inefficient ways of stimulating the growth of the IT sector, or of positive spillovers for the rest of the economy. The same stricture applies, to some extent, to State government policies to encourage the IT sector.

Suggested Citation

  • Dr. Kavita Sexena, 2015. "Position of Information Technology in Service Sector of Indian Economy," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 10(2), pages 98-102, October.
  • Handle: RePEc:jct:journl:v:10:y:2015:i:2:p:98-102
    as

    Download full text from publisher

    File URL: http://www.jctindia.org/oct2015/v10i2jct-14.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Robert Jensen, 2007. "The Digital Provide: Information (Technology), Market Performance, and Welfare in the South Indian Fisheries Sector," The Quarterly Journal of Economics, Oxford University Press, vol. 122(3), pages 879-924.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Information Technology; Foreign Direct Investment.;

    JEL classification:

    • A0 - General Economics and Teaching - - General
    • C0 - Mathematical and Quantitative Methods - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jct:journl:v:10:y:2015:i:2:p:98-102. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr. Himanshu Agarwal). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.