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Leapfrogging? India's information technology industry and the internet

The internet is widely viewed as a set of technologies that might enable developing countries, such as India, to leapfrog over the development path taken by industrial countries, enabling poorer nations to increase their rates of growth and catch up sooner, according to Robert Miller of the International Finance Corporation.

The paper concludes that while internet development in India is still at a relatively early stage in terms of numbers of connections and overall use, the promise it offers for increased productivity and enhanced growth in the future is likely to be significant.

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The International Finance Corporation, part of the World Bank Group, fosters sustainable economic growth in the emerging markets by providing loans and equity to the private sector, mobilizing capital in the international financial markets, and providing technical assistance to governments and businesses. Since its founding in 1956 through 30 June 2002, IFC has committed more than $34bn of its own funds and has arranged $21bn through syndications for more than 2,800 companies in 14 developing countries. For further information please visit www.ifc.org.