The connection between IT and financial development is very intricate. From one perspective, IT is never again the essential wellspring of aggressive financial preferred position, since each nation on the planet has, at any rate, the fundamental advances to deal with their monetary procedures. Then again, the degree, breadth, quality, and advancement of IT can without much of a stretch characterize the examples of monetary improvement at provincial and national levels. Nations that have recently lingered behind promptly grasp the upsides of the IT part to move to the front line of the worldwide monetary request. The IT segment is accepted to have assumed a pivotal job in propelling India's economy to its present state. Be that as it may, even the most goal-oriented accomplishments ought to be assessed with a basic eye. Ethiopia can gain from India's IT experience and receive an IT-arranged way of thinking of financial development while alleviating the unintended outcomes of IT improvement for the remainder of the populace.
Without a doubt, IT shapes the financial conditions and examples of monetary improvement around the world. Its job in pushing the worldwide economy to another degree of value execution can barely be exaggerated. In a world that has turned out to be intensely dependent on advances, IT is considered as the essential driver of monetary improvement. In any case, its effect on national economies is a long way from being uniform. The impact of the IT segment on monetary improvement has been impressive, and its consequences for efficiency and yield have been obviously noteworthy since the mid-1990s. Therefore, numerous nations continue depending on the IT part as the principle wellspring of their financial improvement and the basic factor behind their constant monetary development.
This is unquestionably the situation of India, which has turned out to be one of the pioneers of the worldwide IT industry in the 21st century. As indicated by Singh (2002), "the accomplishment of India's product industry on the worldwide stage has caught the creative mind of Indians such that solitary cricket and hockey victories could previously' (p. 2). Numerous Indian IT experts broadened their impact comprehensively. Measurably, the IT part in India developed from $2.0 billion of every 1994-1995 to $12.2 billion out of 2000-2001 (Singh, 2002) and came to $160 billion out of 2017 (NASSCOM).
It depends for the most part on programming improvement, appropriation, and counseling for both household and global customers. The instance of India shows how a nation that huge can catch and build up its upper hand to support the entire economy.