The Indian Economy Since 1991, 2nd Edition

25

The Emergence of ICT-Based Development Strategy in India: An Analysis of Policy and Outcome

M. Rajesh

25.1 Introduction

The Information and Communication Technologies (ICT), and its linkages with the economic development and social transformation, have invited significant academic attention and debates in the recent years, particularly in the emergence of new studies on ‘new economy’ or ‘knowledge-based economy’. As compared to any other conventional productive sectors in the economy, the ICT sector is considered as more knowledge intensive; and ‘knowledge’ is the key factor of production, ‘sidelining both capital and labour’ (Drucker, 1993). The production, diffusion and consumption of the ICT goods and services, will induce the productivity ...