Science and Technology in India’s Growth

Jati Sengupta
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Jati Sengupta: University of California

Chapter 5 in India’s Economic Growth, 2005, pp 130-171 from Palgrave Macmillan

Abstract: Abstract India has entered the phase of a “new economy” since the late 1990s. This economy is characterized by a number of features, each of which affects growth and development to a significant degree. The major features are as follows: 1 increasing role of the information oriented sector utilizing information and communication technology (ICT); 2 accelerating trends in openness in trade with specialization in technology-intensive exports; 3 building R&D investment and human capital for the ICT based sectors, and; 4 proactive policy of government in market enhancing and competitive strategies of domestic firms in domestic and world trade.

Keywords: Foreign Direct Investment; Total Factor Productivity; Human Development Index; Total Factor Productivity Growth; Knowledge Capital (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50532-2_5

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DOI: 10.1057/9780230505322_5

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