 Powered by IndiaMohanbir Sawhney and Deval Parikh Chapter 4 in The Knowledge Economy in India, 2003, pp 79-86 from Palgrave Macmillan Abstract: 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. Keywords: Human Capital; Venture Capital; Utility Company; Indian Firm; Application Service Provider (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51298-6_5 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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