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WEALTH? ´Abundance of Valuable Material Possessions or Resources.µ TECHNOLOGY RESOURCES EXPLOITED OUTPUTS ´TECHNOLOGY IS THE BACKBOKE OF ANY COUNTRYµ .
SURVEY REPORT OF US ECONOMIC GROWTH RELATED TO TECHNOLOGY Years % of economic growth (Technological content contribution) 20% 33% 50% 80% 91% 1970s 1980s 1990s 2000 2003 CAN IMPACT OF TECHNOLOGY ON WEALTH OF NATIONS BE IGNORED? ´NOµ .
Foreign Direct Investment provides Capital Technology Access to global networks Access to new markets e.: In India. Access to domestic market e.g.FACTORS CONTRIBUTING TO WEALTH OF NATIONS STRENGTHENING OF GLOBAL LINKS This can be achieved by A. In India. B. various export oriented schemes like State Trade Promotion Scheme. are there for development and export of commodities using data communication links including the export of professional services. Export Promotion Zones etc. FDI up to 100% is permitted in IT Sector except in B2C ecommerce. Promotion of Exports By Allowing Duty free imports of capital goods. raw materials etc. .g.
C. E-Commerce GROWTH DUE TO E-COMMERCE Factor I Reaching New Markets Improved Customer Service Improved Product Quality New Products Short Supply Chain Reduced Costs Improved Productivity Expected Benefit 68% 83% 68% 65% 71% 67% 78% Achieved 37% 50% 51% 39% 44% 45% 57% Two major factors for growth of e-commerce in organizations .
PROFIT GROWTH DUE TO ADOTPION OF TECHNOLOGY According to a study by Stoneman & Kwong (2002) on impact of technology on the profitability of firms who adopted Computers. RESULTS Those who adopted these technologies PROFITS Went up Went down PROFITS OF NON-ADOPTERS Not only the First Adopters gained but Late Adopters also gained. Microprocessors & Computers. Numerically Controlled M/c Tools in UK engineering sectors. .
IMPACT OF TECHNOLOGY Improved Standards of Living Increased Per Capita Income Technology Breakthrough More desire to Earn In per capita income More Employment Opportunities .
IMPACT OF TECHNOLOGY Improved Productivity with Assistive Technology Devices which help people with disabilities to take advantage of their work skills so that they can be fully functioning.: Telephone handset amplifier for hearing impaired . productive members of their organizations (i) Competition in workplace (ii) Aging Workforce & declining skilled population (iii) Law Regulations e.g.
Investments in Physical & Technological Infrastructure . 2000 which provides Legal framework for recognition of electronic contracts Preventing computer crimes Legalizing digital signatures etc.OUR NATIONS RESPONSE TO TECHNOLOGY Raising Awareness Ministry of Information Technology Formulation of Policies (i) (ii) (iii) IT Act.
NCST (National Centre for Software Technology).OUR NATIONS RESPONSE TO TECHNOLOGY Providing Education and Training Investments in R & D e. STPI·s Vision for R & D To carry out world class R & D to expand knowledge-base in s/w technology Advance nations ability in cutting edge research and imbibing that research Training to next gen. Leaders .g. Techno.
350 S/w exports 10.150 57% growth Domestic s/w 4950 7200 .INDIAN SOFTWARE INDUSTRY: AN EXAMPLE Annual Growth during past 5 years > 50% 1989-99 (in crores) Size of industry 15.940 17.390 1999-2000 (in crores) 24.
2 million jobs in IT by 2008 (iv) Will attract FDI of 4-5 billion US $ . (ii) IT Exports would contribute for 35% of total exports from India (iii) Potential of 2.OTHER KEY POINTS OF ECONOMIC GROWTH (i) S/W and services will contribute over 7.5 % of overall GDP growth in India.
LAST SLIDE .