Access to affordable high-speed Internet and mobile phone service are key to economic growth and job creation in developing countries according to a latest report by the World Bank. The report, Information and Communications for Development 2009, found that for every 10 percentage-point increase in high-speed Internet connections there is an increase in economic growth of 1.3 percentage points. Internet users in developing countries increased tenfold from 2000 to 2007 and there are now over four billion mobile phone subscribers in developing countries. These technologies offer tremendous opportunities.

The report identified the mobile platform as the most powerful way to reach and deliver public and private services to hundreds of millions of people in remote and rural areas across the developing world. Broadband provides the basis for local information technology services industries which create youth employment, increase productivity and exports, and promote social inclusion.

In the advent of the report being true, it would be great for India as the growth of telecom industry has been phenomenal in the past decade. The growth is still set to explode due to the huge potential in the rural areas of India. The same is the case with the broadband access, internet broadband service being mostly used in the corporate sector, there is huge untapped potential when it comes to exploring broadband service options for individual households. As theses two industries will grow and so will the Indian economy. For more such interesting articles and discussions join ZaaBiz Business Groups.