Information and communication technologies (ICT) have made enormous impact on social and economic performance and competitiveness in general, and on productivity, efficiency, and innovation in particular. The literature suggests that ICT has contributed greatly to productivity growth and competitiveness in the developed as well as developing countries in the last decade. This study aims to advance understanding of the social and economic impact of e-adoption. It provides an in-depth understanding through extensive literature survey and analysis of a various success stories. The generalization and conclusions are drawn from documented studies.