Open Access Journal Article

Nexus between information technology and economic growth: new insights from India

by Asif Raihan a,*
a
Institute of Climate Change, Universiti Kebangsaan Malaysia, Bangi 43600, Selangor, Malaysia
*
Author to whom correspondence should be addressed.
JIE  2023 1(2):8; https://doi.org/10.58567/jie01020003
Received: 4 April 2023 / Accepted: 10 June 2023 / Published Online: 1 July 2023
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Abstract

The objective of this research is to investigate, using time series data ranging from 1992 to 2021, the effects of information and communication technologies (ICTs) and foreign direct investment (FDI) on economic growth (GDP) in India. The stationarity of the data was examined by employing unit root tests, and an autoregressive distributed lag (ARDL) technique was used to investigate the link between the factors, taking both the long- and the short-run into consideration. According to the findings, an increase of one percent in both ICT and FDI will result in an increase of 0.56% and 0.71% in GDP over the long term, in addition to an increase of 0.11% and 0.29% over the short term. The findings of the investigation are of particular significance to policymakers because they can be utilized to establish sensible policymaking for long-term economic success, in addition to advancing the ICT sector and boosting FDI.

Keywords: ICT; Economic growth; FDI; Sustainable development; ARDL;
Copyright: © 2023 by Raihan. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Raihan, A. Nexus between information technology and economic growth: new insights from India. Journal of Information Economics, 2023, 1, 8. https://doi.org/10.58567/jie01020003
AMA Style
Raihan A. Nexus between information technology and economic growth: new insights from India. Journal of Information Economics; 2023, 1(2):8. https://doi.org/10.58567/jie01020003
Chicago/Turabian Style
Raihan, Asif 2023. "Nexus between information technology and economic growth: new insights from India" Journal of Information Economics 1, no.2:8. https://doi.org/10.58567/jie01020003
APA style
Raihan, A. (2023). Nexus between information technology and economic growth: new insights from India. Journal of Information Economics, 1(2), 8. https://doi.org/10.58567/jie01020003

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