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Economics Essay

3025 words - 13 pages

ECONOMICS PROJECT

TOPIC:
INFORMATION TECHNOLOGY

BY
TANU SHARMA
TYBAF – 53

INTRODUCTION
The information technology (IT) industry has become of the most robust industries in the world. IT, more than any other industry or economic facet, has an increased productivity, particularly in the developed world, and therefore is a key driver of global economic growth. Economies of scale and insatiable demand from both consumers and enterprises characterize this rapidly growing sector.

The Information Technology Association of America (ITAA) explains 'information technology' as encompassing all possible aspects of information systems based on computers.

Both software ...view middle of the document...

During the ten year period 1992-2002, the Indian software industry grew at double the rate as the US software industry.
Some of the major reasons for the significant growth of the IT industry of India are –
• Abundant availability of skilled manpower
• Reduced telecommunication and internet costs
• Reduced import duties on software and hardware products
• Cost advantages
• Encouraging government policies

FEATURES OF THE IT INDUSTRY AT A GLANCE
i. Economies of scale for the information technology industry are high. The marginal cost of each unit of additional software or hardware is insignificant compared to the value addition that results from it.
ii. Unlike other common industries, the IT industry is knowledge based.
iii. Efficient utilization of skilled labor forces in the IT sector can help an economy achieve a rapid pace of economic growth 
iv. The IT industry helps many other sectors in the growth process of the economy including the services and manufacturing sectors.
v. The IT industry helps many other sectors in the growth process of the economy including the services and manufacturing sectors.

ROLE OF INFORMATIONTECHNOLOGY INDUSTRY
RURAL DEVELOPMENT:
I.T. has varied applications in it, through which the development of the rural area can be possible accurately. Government had introduced a number of programs through which the people of rural India can come forward and use the I.T. enabled services and work more systematically. Some of the programs run by the Government are: 

E-Mitra:        
This service was launched by the RAJASTHAN Government for the first time for its rural citizens, so that they can deploy the I.T. enabled benefits to its fullest. E- Mitra is State Government started projects, which soon became highly popular in the region. In year 2002, two projects came into existence namely; Lok Mitra and Jan Mitra.       
Where Jan Mitra is an integrated electronic platform through which the citizens of Rajasthan can avail the benefit if getting the desired information regarding any Governmental Department at kiosks which is very near to their doorstep. These Initiative program of Rajasthan government have not only helped the Government by reducing the burden of attending every call, it has reduced the waiting time for the service and has lead to provide comfort to the citizens also, as with the inception of this service they can easily get the information required at their doorstep.      
Lok Mitra is an urban electronic Governance Project which was launched in Jaipur city in year 2002, which helps the citizens of Jaipur (now other cities also) to pay their bills online (land, Water, Bus Tickets and BSNL) leading the citizen to save the waiting time. This service also ensures people that their money is going directly to the Government and provides a feeling of security related to their bills payment. 

Drishtee:    
Drishtee is present in 5 States and is currently...

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