The impact of technology in India Research Paper

The impact of technology in India - Research Paper Example The main industries, according to Bakshi, that deal with the trade are IT services, online businesses, and services dependent on IT and software/hardware sales. Combined with a consequential growth in skilled labour, the industry has immensely grown in size and potential. Agriculture is an area that has been touted to receive much benefit from the advancements in technology. This has been due to initiatives that assist farmers in disseminating information regarding their merchandise in real time. Linking the locals to the Internet provides them with information about price in timely manner; they get more on farming practices and execute more transactions without having to deal with intermediaries. Such factors combined lead to a transformed and thus a more sustainable chain of production that is beneficial to the farmers as well as the end users. Research has shown direct gains from online trading to buyers and sellers of agricultural products (Banker and Mitra, 2005). There have been significant positive impacts on yields as a result of technology. Bennet, Ismael, Kambhampati and Morse (2004) were able to clearly show the positive impacts brought about by genetically modified cotton and the better economic performance of the product on coffee farmer s in Maharashtra, India. The authors found out high yields on the genetically modified type as compared to the normal cotton. Profit margins were higher on this strain due to respective reduction in costs of production. Other than the direct economic indicators like agriculture, as observed, technology has also affected the Indian culture. Globalization has resulted in increased communication channels between unlike cultures. The increased propensity to communicate between the different cultures has resulted in local influence to such issues as the degree of choice to study, study habits and much more. Globalization of technology has brought about changes in dressing habits amongst