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Integration & Impact of Information Technology on Indian Economy

Author

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  • Dr. Gulrukh Salim

    (Guest Faculty, Department of Commerce, Jamia Milia Islamia University, Delhi)

Abstract

India occupies a major place in list of developing countries and is expected to have basic capabilities to compete with world economies. Before 1991, India adopted policy of self-reliance but in this era of LPG, India’s industrial and agricultural structure is being transformed into open and mixed economy. On the basis of various surveys and fact conducted by National and International Agencies, India is still lacking in the basic needs of livelihood, despite having occupied the position of third largest economy of the world. . Now the rising demand for the sustainability of Indian economy is to jump into development process, global integration and optimum use and magnitude of resources. Information technology is offering new techniques of sharing information and transacting business with the change in the nature of financial and other service sectors, providing the accurate means of using the individual and institutional worth of countries in both public and private sector. The basic emphasis of this paper is on the integration of world economy to Indian economy, considering various factors, risks and major contribution by leading or ganizations like BRICS, WTO etc. and the impact of Information Technology on Indian economy.

Suggested Citation

  • Dr. Gulrukh Salim, 2014. "Integration & Impact of Information Technology on Indian Economy," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 9(2), pages 34-38, October.
  • Handle: RePEc:jct:journl:v:9:y:2014:i:2:p:34-38
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    References listed on IDEAS

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    1. Martin N. Baily, 2004. "Recent productivity growth: the role of information technology and other innovations," Economic Review, Federal Reserve Bank of San Francisco, pages 35-42.
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    More about this item

    Keywords

    Information Technology; BRICKS; Agricultural and Food Security;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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