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Industry & Economy
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Software
Tech consumption `alarmingly low'
New Delhi, May 6
Technology use by Indian businesses would lead to
greater profitability and employment, but owing to
significant impediments, the IT adoption remains
alarmingly low, a latest study has pointed out. These were
the findings of a study launched by India Development
Foundation, Microsoft India and LexisNexis
Butterworths India.
The study titled `Waiting to Connect'
investigates the use of IT in Indian manufacturing units.
The study uses ASI data and provides evidence that all
businesses, small and large, see gains to profitability from
technology adoption. "While large units not using IT
were found to have a -10.4 per cent CAGR of operating
profit, IT-using large businesses had a 3.1 per cent CAGR,
on average," a release said here. - Our Bureau
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