WBI DEVELOPMENT STUDIES India and the Knowledge Economy

ISBN 0-8213-6207-0 IN D IA A N D T H E K N O W LE D G E E C O N O M Y IN D IA A N D T H E K N O W LE D G E E C O N O M Y Carl Dahlman Anuja Utz I the global economy of the twenty-first century, India will have to knowledge even more effectively to raise its productivity in agriculture, industry, and services and to reduce poverty. It can draw on a number of existing 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, a broad and diversified science and technology infrastructure, and global niches in IT.