Final answer:
India has the world's largest information technology industry, which has had a transformative effect on its economy and status in the global market.
Step-by-step explanation:
Rushdie notes that India has the world's largest industry of information technology. This has been a transformative sector in India's economy over the last two decades, playing a significant role in both the domestic economic landscape and the global market.
The country has experienced profound changes as it embraces the transition to an information economy, with a reduced need for labor in traditional manufacturing roles and a shift towards online and digital platforms. Indian urban centers continue to expand their manufacturing and industrial base, becoming major players particularly in vehicle and high-tech industries. Despite the significant presence of agriculture and textiles historically, it is the information technology sector that has positioned India on the world stage as the leader in the production and service of IT, as well as the export of skilled workers in various tech fields