Examining The Future Economic Developments In India With Reference To Information Technology

Abstract

Information technology (IT) is one example of a general-purpose technology that can significantly contribute to economic growth and other areas of economic and social development in information technology (IT). "A significant developing component of the Indian economy is information technology.'' The IT sector is one of India's key businesses, according to the Indian government, and it is crucial to accomplishing governmental goals, including economic growth. Over time, the IT sector has matured and become a significant driver of global economic expansion. The information technology (IT) industry comprises software and services, information technology-enabled services (ITES), and hardware divisions and has been seeing stable revenue growth over the last several years. ''Over the last ten years, this sector's size has grown at a 35% annual pace." According to NASSCOM, the Indian economy's gross domestic product (GDP) for the information technology sector is 7 percent. This article examines how information technology will affect India's future economic advancements.