Explain how is India a knowledge economy.

Question

Accepted Answer

India is fastly emerging as a 'knowledge economy'. India's software industry has been showing an impressive record over the years. Information Technology (IT) is now being lavishly used by entrepreneurs, bureaucrats and politicians. Even in villages people are using e-mails and e-governance is being projected as the way of future. Undoubtedly the use of IT services in rural areas will stimulate human development in particular and economic development at large.