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ICT Impact on Economic Growth: The Cases of Egypt and India

1 year 11 months ago

Information and Communication Technology (ICT) impact on economic growth has been illustrated by first presenting two countries with emerging ICT industries over the last years and have potential of further growth where figures and numbers at the end of this work show that Egypt’s ICT’s Gross Domestic Product (GDP) contribution grew by 13% in 2014-15 to reach 4.1%, while the ICT sector in India is expected to contribute 9.5 percent of India’s Gross Domestic Product (GDP) in 2015-2016. 

As indicated by the cases of Egypt and India, which show rapid growth in the ICT industry over the past years, ICT has become the main contributor to the economy of these two countries with Egypt’s ICT’s GDP contribution expected to reach from EGP 65 billion (USD 8 billion) in FY 2014-2015 to EGP 195 billion (USD 25 billion) in FY 2020-2021, while the ICT sector in India is expected to contribute 9.5 percent of India’s Gross Domestic Product (GDP) in 2015-2016.

To read the full paper, click here.

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