India : India and the Knowledge Economy, Leveraging Strengths and Opportunities
One of the world's largest economies, India has made tremendous strides in its economic and social development in the past two decades, and is poised to realize even faster growth in the years to come. After growing at about 3.5 percent from the 1950s to the 1970s, India's economy expanded...
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| Format: | Knowledge Economy Study |
| Language: | English en_US |
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Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/04/5813828/india-india-knowledge-economy-leveraging-strengths-opportunities http://hdl.handle.net/10986/8565 |
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okr-10986-8565 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCREDITATION AGRICULTURAL OUTPUT AGRICULTURE ASSESSMENT METHODOLOGY BANKRUPTCY BENCHMARKING BUSINESS PROCESS OUTSOURCING CAPITAL GOODS CAPITAL MARKETS CLASSROOM TEACHING CLIMATE CLOSED ECONOMY COLLABORATION COMMUNICATION SKILLS COMMUNICATION TECHNOLOGIES COMPARATOR COUNTRIES COMPETITIVE ADVANTAGE COMPETITIVE MARKETS COMPETITIVENESS CURRICULUM DEMOCRACY DIGITAL ACCESS DIGITAL DIVIDE DISTANCE EDUCATION DISTANCE LEARNING E-GOVERNMENT ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ECONOMIC PERFORMANCE EDUCATION STANDARDS EFFECTIVE USE ELITES EMPLOYMENT ENGINEERS ENROLLMENT ENVIRONMENTAL PROTECTION EXPORTS FAMILIES FINANCIAL SECTOR FORMAL EDUCATION FREE MARKET ECONOMY GDP GDP PER CAPITA GIRLS GROSS DOMESTIC PRODUCT PER CAPITA GROWTH PROJECTIONS GROWTH RATE HIGHER EDUCATION INSTITUTIONS HUMAN CAPITAL HUMAN DEVELOPMENT ILLITERACY IMPORTS INNOVATION KNOWLEDGE ECONOMY KNOWLEDGE REVOLUTION KNOWLEDGE SOCIETY KNOWLEDGE WORKERS LABOR FORCE LAWS LEARNING LEARNING ACHIEVEMENT LEARNING MATERIALS LEARNING TECHNOLOGIES LIFELONG LEARNING LITERACY MACROECONOMIC STABILITY MANAGERS NUTRITION OUTSOURCING PARTNERSHIP PATENTS PER CAPITA INCOME POLICY MAKERS PRIVATE SECTOR PRODUCERS PRODUCT MARKETS PROPERTY RIGHTS PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY QUALITY STANDARDS REAL GROSS DOMESTIC PRODUCT RETIREMENT SAFETY SCHOOLING SCHOOLS SCIENTISTS SECONDARY EDUCATION SELF-DIRECTED LEARNING SERVICE INDUSTRIES SOCIAL SERVICES TEACHER TECHNICAL EDUCATION TECHNICIANS TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMS TELEDENSITY TERTIARY EDUCATION TOTAL FACTOR PRODUCTIVITY TRAINING INITIATIVES TRAINING PROGRAMS UNIVERSITIES UNIVERSITY CURRICULUM VOCATIONAL EDUCATION WEALTH WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ACCREDITATION AGRICULTURAL OUTPUT AGRICULTURE ASSESSMENT METHODOLOGY BANKRUPTCY BENCHMARKING BUSINESS PROCESS OUTSOURCING CAPITAL GOODS CAPITAL MARKETS CLASSROOM TEACHING CLIMATE CLOSED ECONOMY COLLABORATION COMMUNICATION SKILLS COMMUNICATION TECHNOLOGIES COMPARATOR COUNTRIES COMPETITIVE ADVANTAGE COMPETITIVE MARKETS COMPETITIVENESS CURRICULUM DEMOCRACY DIGITAL ACCESS DIGITAL DIVIDE DISTANCE EDUCATION DISTANCE LEARNING E-GOVERNMENT ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ECONOMIC PERFORMANCE EDUCATION STANDARDS EFFECTIVE USE ELITES EMPLOYMENT ENGINEERS ENROLLMENT ENVIRONMENTAL PROTECTION EXPORTS FAMILIES FINANCIAL SECTOR FORMAL EDUCATION FREE MARKET ECONOMY GDP GDP PER CAPITA GIRLS GROSS DOMESTIC PRODUCT PER CAPITA GROWTH PROJECTIONS GROWTH RATE HIGHER EDUCATION INSTITUTIONS HUMAN CAPITAL HUMAN DEVELOPMENT ILLITERACY IMPORTS INNOVATION KNOWLEDGE ECONOMY KNOWLEDGE REVOLUTION KNOWLEDGE SOCIETY KNOWLEDGE WORKERS LABOR FORCE LAWS LEARNING LEARNING ACHIEVEMENT LEARNING MATERIALS LEARNING TECHNOLOGIES LIFELONG LEARNING LITERACY MACROECONOMIC STABILITY MANAGERS NUTRITION OUTSOURCING PARTNERSHIP PATENTS PER CAPITA INCOME POLICY MAKERS PRIVATE SECTOR PRODUCERS PRODUCT MARKETS PROPERTY RIGHTS PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY QUALITY STANDARDS REAL GROSS DOMESTIC PRODUCT RETIREMENT SAFETY SCHOOLING SCHOOLS SCIENTISTS SECONDARY EDUCATION SELF-DIRECTED LEARNING SERVICE INDUSTRIES SOCIAL SERVICES TEACHER TECHNICAL EDUCATION TECHNICIANS TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMS TELEDENSITY TERTIARY EDUCATION TOTAL FACTOR PRODUCTIVITY TRAINING INITIATIVES TRAINING PROGRAMS UNIVERSITIES UNIVERSITY CURRICULUM VOCATIONAL EDUCATION WEALTH WORLD TRADE ORGANIZATION WTO World Bank India : India and the Knowledge Economy, Leveraging Strengths and Opportunities |
| geographic_facet |
South Asia Asia South Asia India |
| description |
One of the world's largest economies, India has made tremendous strides in its economic and social development in the past two decades, and is poised to realize even faster growth in the years to come. After growing at about 3.5 percent from the 1950s to the 1970s, India's economy expanded during the 1980s to reach an annual growth rate of about 5.5 percent at the end of the period. It increased its rate of growth to 6.7 percent between 1992-93 and 1996-97, as a result of the far-reaching reforms embarked on in 1991 and opening up of the economy to more global competition. Its growth however, dropped to 5.5 percent from 1997-98 to 2001-02, and to 4.4 percent in 2002-03, due to the impact of poor rains on agricultural output. But India's economy surged ahead to reach a growth rate of 8.2 percent in 2003-04, in line with growth projections cited in its Tenth Five-Year Plan, which calls for increasing growth, to an average of 8 percent between 2002-03 and 2006-07 (India, Planning Commission, 2002e). Such sustained acceleration is needed to provide opportunities for India's growing population, and its even faster-growing workforce. The time is opportune for India to make its transition to the knowledge economy-an economy that creates, disseminates, and uses knowledge to enhance its growth and development. This report provides a "big picture" assessment of India's readiness to embrace the knowledge economy, and highlights some of the key constraints, and emerging possibilities confronting India on four critical pillars of the knowledge economy: 1) strengthening the economic and institutional regime; 2) developing educated and skilled workers; 3) creating an efficient innovation system; and, 4) building a dynamic information infrastructure. The report highlights that to be competitive in the global knowledge economy of the twenty-first century, India should continue to focus its efforts on further reforming its overall economic and institutional environment, and improve its overall trade and investment climate. Addressing issues in this domain will be key because it sets the overall incentive framework needed to improve performance across the economy. The report further underlines that for India to leverage its strengths, and opportunities on a global scale, it needs to undertake significant reforms and investments in building education and skills, strengthening its innovation system, and further bolstering its information infrastructure. To create and sustain an effective knowledge economy, India must undertake systemic integration of reforms in the above four domains to strengthen its competitive advantage. |
| format |
Economic & Sector Work :: Knowledge Economy Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
India : India and the Knowledge Economy, Leveraging Strengths and Opportunities |
| title_short |
India : India and the Knowledge Economy, Leveraging Strengths and Opportunities |
| title_full |
India : India and the Knowledge Economy, Leveraging Strengths and Opportunities |
| title_fullStr |
India : India and the Knowledge Economy, Leveraging Strengths and Opportunities |
| title_full_unstemmed |
India : India and the Knowledge Economy, Leveraging Strengths and Opportunities |
| title_sort |
india : india and the knowledge economy, leveraging strengths and opportunities |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/04/5813828/india-india-knowledge-economy-leveraging-strengths-opportunities http://hdl.handle.net/10986/8565 |
| _version_ |
1764404937879453696 |
| spelling |
okr-10986-85652021-04-23T14:02:39Z India : India and the Knowledge Economy, Leveraging Strengths and Opportunities World Bank ACCREDITATION AGRICULTURAL OUTPUT AGRICULTURE ASSESSMENT METHODOLOGY BANKRUPTCY BENCHMARKING BUSINESS PROCESS OUTSOURCING CAPITAL GOODS CAPITAL MARKETS CLASSROOM TEACHING CLIMATE CLOSED ECONOMY COLLABORATION COMMUNICATION SKILLS COMMUNICATION TECHNOLOGIES COMPARATOR COUNTRIES COMPETITIVE ADVANTAGE COMPETITIVE MARKETS COMPETITIVENESS CURRICULUM DEMOCRACY DIGITAL ACCESS DIGITAL DIVIDE DISTANCE EDUCATION DISTANCE LEARNING E-GOVERNMENT ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ECONOMIC PERFORMANCE EDUCATION STANDARDS EFFECTIVE USE ELITES EMPLOYMENT ENGINEERS ENROLLMENT ENVIRONMENTAL PROTECTION EXPORTS FAMILIES FINANCIAL SECTOR FORMAL EDUCATION FREE MARKET ECONOMY GDP GDP PER CAPITA GIRLS GROSS DOMESTIC PRODUCT PER CAPITA GROWTH PROJECTIONS GROWTH RATE HIGHER EDUCATION INSTITUTIONS HUMAN CAPITAL HUMAN DEVELOPMENT ILLITERACY IMPORTS INNOVATION KNOWLEDGE ECONOMY KNOWLEDGE REVOLUTION KNOWLEDGE SOCIETY KNOWLEDGE WORKERS LABOR FORCE LAWS LEARNING LEARNING ACHIEVEMENT LEARNING MATERIALS LEARNING TECHNOLOGIES LIFELONG LEARNING LITERACY MACROECONOMIC STABILITY MANAGERS NUTRITION OUTSOURCING PARTNERSHIP PATENTS PER CAPITA INCOME POLICY MAKERS PRIVATE SECTOR PRODUCERS PRODUCT MARKETS PROPERTY RIGHTS PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY QUALITY STANDARDS REAL GROSS DOMESTIC PRODUCT RETIREMENT SAFETY SCHOOLING SCHOOLS SCIENTISTS SECONDARY EDUCATION SELF-DIRECTED LEARNING SERVICE INDUSTRIES SOCIAL SERVICES TEACHER TECHNICAL EDUCATION TECHNICIANS TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMS TELEDENSITY TERTIARY EDUCATION TOTAL FACTOR PRODUCTIVITY TRAINING INITIATIVES TRAINING PROGRAMS UNIVERSITIES UNIVERSITY CURRICULUM VOCATIONAL EDUCATION WEALTH WORLD TRADE ORGANIZATION WTO One of the world's largest economies, India has made tremendous strides in its economic and social development in the past two decades, and is poised to realize even faster growth in the years to come. After growing at about 3.5 percent from the 1950s to the 1970s, India's economy expanded during the 1980s to reach an annual growth rate of about 5.5 percent at the end of the period. It increased its rate of growth to 6.7 percent between 1992-93 and 1996-97, as a result of the far-reaching reforms embarked on in 1991 and opening up of the economy to more global competition. Its growth however, dropped to 5.5 percent from 1997-98 to 2001-02, and to 4.4 percent in 2002-03, due to the impact of poor rains on agricultural output. But India's economy surged ahead to reach a growth rate of 8.2 percent in 2003-04, in line with growth projections cited in its Tenth Five-Year Plan, which calls for increasing growth, to an average of 8 percent between 2002-03 and 2006-07 (India, Planning Commission, 2002e). Such sustained acceleration is needed to provide opportunities for India's growing population, and its even faster-growing workforce. The time is opportune for India to make its transition to the knowledge economy-an economy that creates, disseminates, and uses knowledge to enhance its growth and development. This report provides a "big picture" assessment of India's readiness to embrace the knowledge economy, and highlights some of the key constraints, and emerging possibilities confronting India on four critical pillars of the knowledge economy: 1) strengthening the economic and institutional regime; 2) developing educated and skilled workers; 3) creating an efficient innovation system; and, 4) building a dynamic information infrastructure. The report highlights that to be competitive in the global knowledge economy of the twenty-first century, India should continue to focus its efforts on further reforming its overall economic and institutional environment, and improve its overall trade and investment climate. Addressing issues in this domain will be key because it sets the overall incentive framework needed to improve performance across the economy. The report further underlines that for India to leverage its strengths, and opportunities on a global scale, it needs to undertake significant reforms and investments in building education and skills, strengthening its innovation system, and further bolstering its information infrastructure. To create and sustain an effective knowledge economy, India must undertake systemic integration of reforms in the above four domains to strengthen its competitive advantage. 2012-06-20T19:35:32Z 2012-06-20T19:35:32Z 2005-04 http://documents.worldbank.org/curated/en/2005/04/5813828/india-india-knowledge-economy-leveraging-strengths-opportunities http://hdl.handle.net/10986/8565 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Knowledge Economy Study Economic & Sector Work South Asia Asia South Asia India |