Political economy of Information Technology industry in India

Abstract

India's econoic policies have largely been responsible for the slow as well as fast growth of Information Technology industry. Right after independence India followed mixed economy model whereby focus was not only on public sector but there was also strict regulation on private sector. Thus, the term licence Raj or Permit raj emerged during the preliberalization whereby private firms have to go through several governmental procedures to acquire licence for setting up industry. However, post-liberalization, change in economic policy along with change in political leadership, Information technology industry in India began to grow to such an extent that it becomes main one of the main propellers of its economic growth. As such, this article seeks to explore some important aspect on the history of the growth and the political economy of Information Technology industry in India.