India’s Great Software Revolution

Michael Backman

Chapter Chapter 30 in The Asian Insider, 2004, pp 238-244 from Palgrave Macmillan

Abstract: Abstract After decades of economic stagnation, India’s economy has found a niche in which it is truly a world player: information technology (IT) and IT-enabled services. These are the twins of India’s high-tech revolution. In 1990, India earned little from this sector. Ten years later and it was the economy’s saving grace; a very bright star of competence amid a galaxy of inefficiency, corruption and mismanagement. But little credit should be given to the Indian Government, either at the central or state level. The sector has boomed because it’s the one sector, with its trade in intangibles, that government and corrupt officials find it difficult to tamper with. And so investment and creativity have flooded into this sector. It is because so much of the rest of India’s economy has been so bad for so long that this sector is so good.

Keywords: Information Technology; Corrupt Official; High Real Interest Rate; World Player; Asian Insider (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4840-3_30

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DOI: 10.1057/9781403948403_30

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