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India and the Knowledge Economy : Leveraging Strengths and Opportunities

Author

Listed:
  • Carl Dahlman
  • Anuja Utz

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.

Suggested Citation

  • Carl Dahlman & Anuja Utz, 2005. "India and the Knowledge Economy : Leveraging Strengths and Opportunities," World Bank Publications, The World Bank, number 7356, April.
  • Handle: RePEc:wbk:wbpubs:7356
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/7356/329240India0Knowledge01not0external1.pdf?sequence=1
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    Citations

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    Cited by:

    1. Micheline Riemsdijk, 2013. "Talent Acquisition in the IT Industry in Bangalore: A Multi-Level Study," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 104(4), pages 478-490, September.
    2. Danilo Piaggesi & Joel Mokyr & Graham R. Mitchell & Arlindo Villaschi Filho & T. Scott Murray & Allen Hammond & Rob Katz & John Paul & Julia Tran & Antonio Cordella & Shauneen Furlong & Peter Raymond , 2005. "The Knowledge Economy in Development: Perspectives for Effective Partnerships," IDB Publications (Books), Inter-American Development Bank, number 54338 edited by Robert Vitro, February.
    3. Tyabji, Nasir, 2012. "From the linear model to incremental innovation: Science and Industry in India," MPRA Paper 51292, University Library of Munich, Germany.
    4. World Bank, 2007. "Building Knowledge Economies : Advanced Strategies for Development," World Bank Publications, The World Bank, number 6853, April.
    5. Singh, Nirvikar, 2006. "Services-led industrialization in India: Assessment and lessons," MPRA Paper 1276, University Library of Munich, Germany.
    6. Harinder Kohli & Anil Sood (ed.), 2010. "India 2039: An Affluent Society in One Generation," Books, Emerging Markets Forum, edition 1, number india2039, August.
    7. repec:idb:idbbks:319 is not listed on IDEAS
    8. repec:spr:manint:v:55:y:2015:i:2:d:10.1007_s11575-015-0239-6 is not listed on IDEAS
    9. Michelle Riboud & Yevgeniya Savchenko & Hong Tan, 2007. "The Knowledge Economy and Education and Training in South Asia," World Bank Other Operational Studies 19637, The World Bank.
    10. Jayan Jose Thomas, 2008. "Innovation in India and China : Challenges and Prospects in Pharmaceuticals and Biotechnology," Development Economics Working Papers 22518, East Asian Bureau of Economic Research.

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