"India and the Knowledge Economy: Leveraging Strengths and Opportunities"

Read the World Bank release online, with links to further materials on the report.

"One of the world’s largest economies, India has made enormous strides in its economic and social development in the past two decades. But according to a new World Bank report, India can do much more to leverage its strengths in today’s knowledge-based global economy.

"India and the Knowledge Economy: Leveraging Strengths and Opportunities argues that, when supported by the right kind of government policy incentives, the country can increase its economic productivity and the well-being of its population by making more effective use of knowledge.

"'This report serves as an important Bank input into the domestic consultation and reform process which will move India further into the global knowledge economy of the twenty-first century,' says Michael Carter, World Bank Country Director for India. 'The World Bank recognizes that making effective use of knowledge in any country requires developing appropriate policies and institutions to promote entrepreneurship and efficient use of knowledge.' "