ICT study: India and China

Abstract

The Indian economy is the world's eleventh largest economy by nominal GDP and the fourth largest by purchasing power parity. The growth rate has been impressive for the last two decades with 7.4% in fiscal year 2009-2010 and grew by 6.86% in 2011. It is greatly placed to meet the global market demand with 64% of the population in the working age group (15-60 years). Contribution of agriculture to the national economy is declining slowly (2009: 17.5% of the national income) with rise in service and manufacturing sector. Since the introduction of market-based economic reforms in 1991, India has become one of the fastest growing major economies in the world and ICT sector is one of main contributors to this growth.