Information technology plays a vital role in shifting economies towards knowledge-based models, impacting various sectors including communication, trade, manufacturing, services, culture, entertainment, education, research, national security, and governance. E-governance leverages IT to reduce administrative costs, maximize revenue, and drive societal transformation, fostering employment opportunities and economic growth. The increasing interrelation between e-governance and e-business underscores their indispensable integration for economic prosperity. Governance, rooted in steering entities through structured decision-making and accountability, emphasizes a continuous process of directing and controlling entities. This study delves into governance within government and business sectors, examining how e-governance enhances government efficiency by automating administrative functions and improving public services. Additionally, it explores how e-business innovates traditional practices to meet global challenges and gain competitive advantage. Recognizing the interdependence of e-governance and e-business, this research focuses on Mizoram, India, to understand how e-governance drives business success and how robust business practices enhance governance. Employing a quantitative approach, the study utilizes systematic random sampling among college students involved in e-business, gathering data through structured questionnaires. Analysis aims to uncover current trends and interdependencies between e-governance and e-business, contributing insights for economic development and improved public administration in the region