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What is the role of Information Communication Technology in Indian Economic Growth?
Wiki User
∙ 14y ago
Role of information communication technology in Indian economic growth?
AnswerRole of information communication technology in Indian economic growth?
Wiki User
∙ 14y ago
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What is the role of information technology in communication?
iformation tachnology Science, technology and innovation have become key factors contributing to economic growth in both advanced and developing economies. In the knowledge economy, information circulates at the international level through trade in goods and services, direct investment and technology flows, and the movement of people. Information and communication technologies (ICT) have been at the heart of economic changes for more than a decade. ICT sector plays an important role, notably by contributing to rapid technological progress and productivity growth. Firms use ICTs to organize transnational networks in response to international competition and the increasing need for strategic interaction. As a result, multinational firms are a primary vehicle of the everspreading process of globalization. New technologies and their implementation in productive activities are changing the economic structure and contributing to productivity increases in OECD economies. Economic competitiveness depends on productivity level and in the knowledge economy, ICT sectors determine the productivity level. As a result , we can say that the power of economic competitiveness of a country depends on the productivity of its ICT sector. There are two ways to improve the TFP of ICT and to improve the power of competitiveness. First of all, if the selected countries solve their inefficiency problem by reallocation of resources, they can improve their TFP of the ICT sector and as a result they can be more competitive. Secondly, the technological improvement in these countries creates an expectation about increasing TFP of ICT sector for future. If there will be a sustainable technological improvement by innovation, it will cause a sustainable increase in the TFP of ICT sector and as a result it will cause a sustainable increase in competitiveness.
What is the definition of intercellular communication?
Im not for sure but ii do kno the construction of a multicellular organism requires communication between cells, to regulate patterns of growth and differentiation.!!
Why business need information?
Businesses need information to help growth happen. Sales leads can come from information services, etc. and this sparks growth, which would turn into more revenue. Business information is a vital part of business.
How have advances in communication contributed to the growth of industry in the US?
They helped resource suppliers and customers interact faster.
Which invention filled the need for a method of communication that kept up with the industrial growth and fast paced travel?
Morse Code
How is technology the bedrock of economic growth and development?
safdsfsad
What couses economic growth?
Any increase in Labor, Capital, or Technology
What is IT PARK?
IT park is Information Technology park.. with latest infrastructure for software and information technology growth.
Why do you think the cultural flowering of the renaissance did not begin until after economic growth had taken place?
it did not begin until the economic growth becasue they did not have that kind of technology back then
Explain growth of the global economy?
There are only three factors that constitute and contribute to economic growth: Labor, Capital, Technology.
How did new railroad and improvement railways technology help spur economic growth?
because it have a big but
What has the author Andrea Bassanini written?
Andrea Bassanini has written: 'Knowledge, technology and economic growth'
Provide 2 positive effects of imperialism?
helped economic growth intorduced new technology
How has communication technology caused the growth of e-commerce?
it did because the frog fell off the log and died.
What role has technology in India's economic growth?
Technology has revitalized the Indian economy - it was a new industry that could employ many of India's people.
What can you add to the growth of an information technology firm as the IT manager?
simple -- advertise
How did the improved transportation lead to economic growth?
Improved transportation technology, in general, led to economic growth because it allowed for the faster transport of goods. This fostered trade and also encouraged new business.
