The emergence of the internet and the World Wide Web (WWW) were technological triumphs. When this common architecture for digital information and communications become wedded to Broad Band networks, it melded previously distinct communication markets for data, voice and broadcast content. This also enabled a new generation of computer software embodied in the very large arrays of cheap data storage and processor that is popularly describe as the ‘CLOUD’. Cloud computing (CC) is scalable on demand provision of remote computing and data storage. Its dramatic growth is captured in a 2011 study by Gartner Research, which predicted that over 60 %( 2014) of the world’s server workloads have taken place on virtualized cloud servers. This growth emerges from the cloud economic advantages of scale and scope that lower costs, improve speed of service, expand operational flexibility for users and reduce risks in IT development. The cloud also enables an eco- system of innovative information and communications technology (ICT) applications in low and middle-income economies that can advance their economic growth and social goals. The Indian vision 2020 documents by the planning commission states that “India’s economic and technological transition will be accompanied by a multifaceted political transformation that will have profound impact on the function of govt. E- Governance has the potential if fully harnessed and rightly utilised to radically improve the speed, convenience, quality and transparency of public administrative services, while enhancing the ability of individual citizens to express and ensure their democratic rights. Vision 2020 document mandates that vision of India’s future should be both comprehensive and harmonious. It envisages that: -“the people of India will be more numerous, better educated, healthier and more prosperous than any time in our long history”. The present paper using secondary data studied that Cloud Computing is rapidly changing the economic scenario of India, the potential benefits of its promoting economic growth, emerging employment and enabling innovation and collaboration. People are used to scarce resources and the idea of virtualization of resources is forcing a change from a paradigm of scarcity to one of abundance
