India’s Preparedness For Knowledge Based Economy: Opportunities And Challenges | Vinnie Jauhari

As globalization is happening, the dynamics of business is being transformed. The liberalization measures initiated in India are opening new doors of opportunity. China is also steadily emerging to be a global power. The paper uses the World Bank?s knowledge assessment framework to evaluate the challenges faced by India in the knowledge based economy. The assessment not only includes economic parameters but also softer aspects such as education, health, empowerment of women, livelihoods among other parameters. The study analyses the opportunities thrown open by the services sector and for instance IT and ITES could facilitate the growth process in India. The study assesses the issues from sustainable entrepreneurship perspective as well. The paper has policy implications both for the government and the corporate sector. It delineates the possible growth paths and advantages of the same.