India can transform itself into a knowledge based economy by using _______.

Information technology

The correct answer is option (3) : Information opportunities

The Indian software industry has been showing an impressive record over the past two decades. Entrepreneurs, bureaucrats and politicians are now advancing views about how India can transform itself into a knowledge-based economy by using information technology (IT). There have been some instances of villagers using e-mail which are cited as examples of such transformation. Likewise, egovernance is being projected as the way of the future. The value of IT depends greatly on the existing level of economic development.