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India’s Great Software Revolution

In: The Asian Insider

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  • Michael Backman

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.

Suggested Citation

  • Michael Backman, 2004. "India’s Great Software Revolution," Palgrave Macmillan Books, in: The Asian Insider, chapter 0, pages 238-244, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-4840-3_30
    DOI: 10.1057/9781403948403_30
    as

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