The Mass Power of India's Other IT Sector
Dec 01, 2012
In an article in Harvard Business Review, the Director explains why India's cell phone industry may prove even more economically beneficial than the country's highly successful traditional IT industry.
by Iqbal Z. Quadir
India’s economy is among the world’s 10 largest, and its foray into IT services and business-process outsourcing is rightfully celebrated as a great success story in the country’s economic rise. Accolades deservedly go to emerging giants such as Infosys, TCS, and Wipro; the contribution of such IT services to current GDP, including ripple effects, has been estimated at $133 billion (in constant 2000 U.S. dollars). But a less celebrated part of the IT industry has transformed the Indian economy and contributed to GDP at least as much: the cell phone industry. Its impact is only beginning, and I believe cell phones will prove even more important to India’s economic rise than the “regular” IT industry. Read more at Harvard Business Review >>