Publication: India and the Knowledge Economy : Leveraging Strengths and Opportunities
Date
2005
ISSN
Published
2005
Author(s)
Dahlman, Carl
Utz, Anuja
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.
Citation
“Dahlman, Carl; Utz, Anuja. 2005. India and the Knowledge Economy : Leveraging Strengths and Opportunities. WBI development studies;. © Washington, DC : World Bank. http://openknowledge.worldbank.org/handle/10986/7356 License: CC BY 3.0 IGO.”