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India and the Knowledge Economy : Leveraging Strengths and Opportunities

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  • Carl Dahlman
  • Anuja Utz
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    Abstract

    In the global knowledge economy of the twenty-first century, India's development policy challenges will require it to use knowledge more effectively to raise the productivity of agriculture, industry, and services and reduce poverty. India has made tremendous strides in its economic and social development in the past two decades. Its impressive growth in recent years-8.2 percent in 2003-can be attributed to the far-reaching reforms embarked on in 1991 and to opening the economy to global competition. In addition, India can count on a number of strengths as it strives to transform itself into a knowledge-based economy-availability of skilled human capital, a democratic system, widespread use of English, macroeconomic stability, a dynamic private sector, institutions of a free market economy; a local market that is one of the largest in the world; a well-developed financial sector; and a broad and diversified science and technology infrastructure, and global niches in IT.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/7356/329240India0Knowledge01not0external1.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 7356 and published in 2005.

    ISBN: 0-8213-6207-0
    Handle: RePEc:wbk:wbpubs:7356

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Web page: https://openknowledge.worldbank.org
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    Related research

    Keywords: Information and Communication Technologies - Knowledge Management Education - Education for the Knowledge Economy Finance and Financial Sector Development - Financial Sector and Social Assistance Macroeconomics and Economic Growth - Knowledge Economy International Economics and Trade - Trade Technology and Productivity;

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    Cited by:
    1. Tyabji, Nasir, 2012. "From the linear model to incremental innovation: Science and Industry in India," MPRA Paper, University Library of Munich, Germany 51292, University Library of Munich, Germany.
    2. World Bank, 2007. "Building Knowledge Economies : Advanced Strategies for Development," World Bank Publications, The World Bank, The World Bank, number 6853, August.
    3. Singh, Nirvikar, 2006. "Services-led industrialization in India: Assessment and lessons," MPRA Paper, University Library of Munich, Germany 1276, University Library of Munich, Germany.
    4. Michelle Riboud & Yevgeniya Savchenko & Hong Tan, 2007. "The Knowledge Economy and Education and Training in South Asia," World Bank Other Operational Studies, The World Bank 19637, The World Bank.
    5. Jayan Jose Thomas, 2008. "Innovation in India and China : Challenges and Prospects in Pharmaceuticals and Biotechnology," Development Economics Working Papers, East Asian Bureau of Economic Research 22518, East Asian Bureau of Economic Research.

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