knowledge based industry is rapidly developing industry in our country .why
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❇️ India, with its youthful population and thriving information and communication technology (ICT) industry, can become a leading knowledge-driven economy as long as regulatory, education, and infrastructure barriers are overcome, says a new report from the Asian Development Bank (ADB).
“By leveraging its strengths in human capital and ICT services, India can become a major global knowledge-based economy,” said Bindu N. Lohani, ADB Vice-President for Knowledge Management and Sustainable Development. “But making this a reality will require many steps like putting in place supportive laws, improving infrastructure, dismantling barriers to trade and investment, up skilling the labor force, boosting research and development spending, and providing innovative financing options for small businesses and entrepreneurs.”
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