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Powered by India

In: The Knowledge Economy in India

Author

Listed:
  • Mohanbir Sawhney
  • Deval Parikh

Abstract

The Internet is the fifth network of the modern age; the first four networks were the telegraph, the railroad, the telephone, and the electric network. Each of these networks had an enormous impact on how people live, work and communicate, and the Internet is no exception. The creation of a ubiquitous network and digitization of information is leading to unprecedented innovation and opportunity, although the waves of innovation have only recently started to hit Indian shores. Over $5 billion of venture capital has been poured into Indian dot.coms and information technology companies in the last few years. With the rise of ISPs like Satyam Infoway, portals like rediff.com, Indya.com and 123India.com, and e-commerce firms like indiabulls.com, fabmart.com and clickforsteel.com, and consumer-to-consumer commerce sites like baazee.com and bidorbuy.com, the Internet is clearly coming of age in India. Indian entrepreneurs have a once in a lifetime opportunity to participate in the enormous wealth creation that the Internet has unleashed. However, they must focus on the right opportunities.

Suggested Citation

  • Mohanbir Sawhney & Deval Parikh, 2003. "Powered by India," Palgrave Macmillan Books, in: Frank-Jürgen Richter & Parthasarathi Banerjee (ed.), The Knowledge Economy in India, chapter 4, pages 79-86, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51298-6_5
    DOI: 10.1057/9780230512986_5
    as

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