Role of electronics and information technology in the economic development of India

Electronics and IT possess a great role in the economic development of India. Even though there is slowdown in the country's economic growth, the National Policy on Electronics promises far reaching consequences for every Indian. The factors that are used to accelerate the process of economic development would be e-Innovation such as innovation in processes/products that aid financial inclusion, facilitate the use of IT Networks, as well as e-Social factors that have demonstration effects. A particular industry that has predominant growth in the Indian economy is the IT service sector. Digitalization has a positive impact on economic growth and development.