  How technology affects growth or employment has long been debated. With a
hiatus, the debate revived once again in the form of how Information and
Communications Technology, as a form of new technology, exerts on productivity
and employment. Information and Communications Technology perceived as General
Purpose Technology like steam engine or electricity in the past, ushered the
world into a new techno-economic paradigm, given its deep social, economic and
cultural implications. For instance, within economic implication, it is hard to
imagine an economic activity that does not it, directly or indirectly.
Eventually, Information and Communications Technology intensity, measure as the
ratio of Information and Communications Technology investment to total
investment, increased phenomenally in industries across sectors.
