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Innovative India

  • Ian E. Maxwell
Chapter

India has a rich history of science and innovation which include discovering the decimal system, advanced geometry and the smelting of iron with carbon to make steel. However, only relatively recently has the Indian economy been open for global business and the result has been an economic transformation with an average GDP growth rate of 8% per annum since 2003.

The rapid economic growth in India can be largely attributed to software development and IT services which were made possible through the rapid rise of the global Internet. In fact, given the poor general infrastructure and high levels of government bureaucracy, it could be argued that without the global adoption of this borderless digital technology, India might still be a large under-developed country.

Further, India is no longer a “command" economy but one driven increasingly by entrepreneurship. The telecommunications infrastructure has made enormous strides, with Internet and mobile phones available even in the remotest...

Keywords

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© Ian E. Maxwell 2009

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  • Ian E. Maxwell

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