India’s Perspective of Information and Communication Technologies (ICTs) for Social Development

There is imperative need to understand the role of ICTs for the socioeconomic development in 21st century. Information is a vital resource for the national development and ensuring competent national welfare. This information have to be systematically collected, organized and arranged  in an order that can be retrieved for the future exigencies. Information is a social resource and it is a social right to the common people. Social development is encompassed with the development of the other sectors like education, agriculture, industry, merchandise and technology etc. The concept of an “Information Technology” is responsible for changing the world in the new millennium in order to bring the radical development in the society. Information access and utilization by the society is playing a major role in enhancing the quality of life of the citizens. Information flows, communications and coordinator mechanisms are being digitalized in many sectors of the society. In the era of globalization and economic liberalizationIndia like many developing countries has embarked seriously on theinformation technology as a pillar to compete globally. Recent studies inInformation and Communication, Technology (ICT) have changed thepossibilities of human interaction and communication in an unprecedented manner and the role of ICT in the rapid growth of economic transactions over the past two decades, geographically as well as monetarily, merit mention here. ICT has exponentially increased the speed of business for commercial interactions and is primarily responsible for rendering global operations of corporations and their management not just possible but feasible and profitable. Friedman (2000) calls the changes in communication technology the “Democratization of Technology” which has been made possible as a result of several innovations that came together in 1980s involving computerization, Telecommunication, miniaturization, compressiontechnology and digitization. In India, the emerging technical infrastructure makes possible a new level of deepening, widening and acceleration in global economic integration Multinational Corporation are decentralizing operations and jobs around the control over decentralized operations. The main paper highlights the significance in using ITC as a tool to bring in both social and economic changes. An illustration showing how ICT through Dr.M.S.Swaminathan Foundation in India has been a success case. A case of this magnitude can be replicated in the Remote spatial areas of Africa.Key Words: communication technology, networking, ICT, social messaging, social developmen

Human capital and economic development: The axiological perspective

Global capitalism is both an outcome and a stimulant of spreading not only the same market economy standards and lifestyles but moral relativism as well. Its origin goes back to Anglo-Saxon liberalism that limits the individuals to maximize their personal benefits that are measured according to the market values. The perception of human nature adopted in this ideology determines solutions as for how to achieve individual and communitarian goals and meet criteria of their validation. As a result, the development of human capital understood as the knowledge necessary to act, is focused on its subjective functions. Thus, human capital plays a more important role in the multiplication of individual benefit than in the improvement of the value of human life. Such developed human capital results in growing disparities in the knowledge assets enabling the harmonization of personal benefit with the responsibility for the valuable life of present and future generations. These disparities lead to an increase in risk of global threats to humanity. The reaction to these threats cannot be based on the development of globalization. The concept that respects the multi-faceted nature of a human being seems to be an appropriate alternative. Due to these efforts, new economics might be developed that may provide applicable educational and institutional tools for long-term sustained economic development and improve the quality of life of an individual.Publication of English-language versions of the volumes of the “Annales. Ethics in Economic Life” financed through contract no. 501/1/P-DUN/2017 from the funds of the Ministry of Science and Higher Education devoted to the promotion of scholarship