India’s Knowledge Economy

Abstract

This paper presents an objective view of India’s position in the global economy. It recognizes India’s achievements, but sees a tremendous potential that is yet to be achieved. What is needed is an India-led process to coordinate and integrate reforms, combining those in the economic and institutional regime with the many initiatives that are being undertaken in the more functional areas covered in many Indian strategy reports. This can only be done through a domestic process of consultation and stakeholder awareness-raising to get buy-in on the kinds of reforms required to implement the action that can leverage India’s potential.