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Science and Technology in India’s Growth

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India’s Economic Growth

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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. 1

    increasing role of the information oriented sector utilizing information and communication technology (ICT);

  2. 2

    accelerating trends in openness in trade with specialization in technology-intensive exports;

  3. 3

    building R&D investment and human capital for the ICT based sectors, and;

  4. 4

    proactive policy of government in market enhancing and competitive strategies of domestic firms in domestic and world trade.

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Authors and Affiliations

  1. University of California, Santa Barbara, USA

    Jati Sengupta

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  1. Jati Sengupta
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© 2005 Jati K. Sengupta

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Sengupta, J. (2005). Science and Technology in India’s Growth. In: India’s Economic Growth. Palgrave Macmillan, London. https://doi.org/10.1057/9780230505322_5

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