Infotech to have positive impact on growth: study

New Delhi, Nov 27 | Updated: Nov 28 2006, 09:04am hrs
Around 88% of the Indian business leaders believe that increased use of information and communication technology (ICT) will be a major determinant in overcoming socio-economic disparities. This will advance growth in the next five years, according to a joint study by Accenture and Confederation of Indian Industry.

The study stated that the catalytic impact of ICT would have multiplier growth opportunities across all industries.

According to the study, 94% of the businessmen believe that the use of ICT has been a major reason for Indias recent economic growth, while 87% believe that socio-economic disparity is the major obstacle in the growth of Indian economy.

The study suggests that in order to help the Indian economy capitalise on ICT-enabled growth, it needs more investment in human capital, create coherent infrastructure that are critical in the delivery of ubiqutuos access to ICT.

Indian business leaders believe that the next phase of ICT-led growth will come from three main sourcesby improving access to ICT in low-income market, growth opportunities across all industries. Also, improving access to education as ICT will help in providing quality education across India.

The study is based on a wide ranging survey of over 200 Indian business leaders cross all major industries.