India As Knowledge Economy1

INDIA as Knowledge Economy Knowledge Economy- Engineering Indian Renaissance Who Says Elephant Cant Gallop?
GROUP NO:01 Who Says Elephant Cant Gallop? NAME ROLL NO

Aditya Singh Rawat Bhupinder Singh Manoj Yadav Poonam Mittal Roshan Susanta Dey 10Ex-001 10Ex-011 10Ex-021 10Ex-032 10Ex-042 10Ex Name: -052
Designation: Date: February, 2004
Structure of the Presentation
Is India a Knowledge Economy? Mitigating Challenges Indian KPO Industry Elephant can Gallop
What is Knowledge?
Knowledge
THE ECONOMICS OF THE KNOWLEDGE ECONOMY
DRIVERS OF THE KNOWLEDGE ECONOMY
Globalization
FOUR PILLARS OF KNOWLEDGE ECONOMY
Production of Knowledge Economy
Education System
Economic Framework
K E
Information Infrastructure
Innovation Systems
Developing a Knowledge Economy requires the interaction of the public sector, private enterprises, research and education institutions (both public and private), as well as civil society, at large.
Is Knowledge Important for Economic Growth?
Almost same per capita GDP
Do we see a co-relation between GDP and Knowledge

Per Capita GDP for Selected Regions or Countries (1990 international $, 1480-1998)
30000 25000 20000 15000 10000 5000 0 1480 1560 1640 1720 1800 1870 1950 1998 Western E urope E astern E urope United States Latin Am erica Japan China India Other Asia Africa
Infliction point for US and Western Europe
Sou rce: An s Maddison Th World Econ y : A Mille n l Pe gu , e om n ia rspe ctive OECD: Pa 2001 , ris,
Infliction point for India
Is India a Knowledge Economy?

Rank Change In Rank from 2000 1 2 2 -1 3 -1 4 0 Country KEI KI 9.49 9.57 9.39 9.39 9.25 9.08 9.06 8.98 9.02 9.09 8.92 6.11 4.66 2.95
5 6 7 8 9
Denmark 9.52 Sweden 9.51 Finland 9.37 Netherlands9.35 Norway 9.31 Canada 9.17 United 9.1 Kingdom Ireland 9.05 United 9.02 States Switzerland 9.01 Germany 8.96 Brazil 5.66 China 4.47 India 3.09
Economic Innovation Incentive Regime 9.61 9.49 9.33 9.76 9.31 9.67 9.22 9.45 9.47 9.45 9.24 9.26 9.04 8.79 9.06 4.31 3.9 3.5 9.06 9.44 9.24 9.08 9.47 9.9 8.94 6.19 5.44 4.15
Education 9.78 9.29 9.77 9.21 9.6 9.26 8.49 9.14 8.74 7.68 8.36 6.02 4.2 2.21
ICT 9.21 9.66 8.73 9.52 9.1 8.54 9.45 8.71 8.83 9.68 9.47 6.13 4.33 2.49
2 6 2 6 -3 -5 3 4 13 -2
10 12 54 81 109
Few Challenges
Source: www.worldbank.org/KAM)
Knowledge Divide
Digital Divide
Innovation Ecosystem
Mitigating Knowledge Divide

Improve the efficiency in the use of public resources in the education system Enhance the quality of primary and secondary education. This is especially important for India to meet the goal of providing eight years of schooling for all children by 2020 Ensure consistency between the skills taught in primary and secondary education and the needs of the knowledge economy Reform the curriculum of tertiary education institutions to include skills and competencies for the knowledge economy (communication skills, problem-solving skills, creativity, and teamwork) that also meet the needs of the private sector Raise the quality of all higher educational institutions, not just a few world-class ones (such as the IITs) Embrace the contribution of the private sector in education and training Establish partnerships between Indian and foreign universities Increase university-industry partnerships to ensure consistency between research and the needs of the economy Use ICTs to meet the double goals of expanding access and improving the quality of education Make effective use of distance learning technologies to expand access and the quality of formal education and lifelong training
A COMPARISION:
Mitigating Digital Divide

Develop IT skills in the workforce
Enhance the reach of IT to the population at large Localization of applications Enhance rural connectivity for development Further develop and scale up (in joint public-private initiatives where feasible) ICT applications, such as community radio, fixed-line and mobile phones, smart cards, the Internet, and satellite television Share successful applications of ICT, for example, in e-government among different Indian states Provide suitable incentives to promote IT applications for the domestic economy
Innovation Ecosystem Snapshot

Variable Brazil actual Royalty and License Fees Payments 2.259.43 (US$ mil.), 2007 Royalty and License Fees Receipts 319.41 (US$ mil.), 2007 Royalty Payments and receipts(US$/pop.) 2007 University-Company Research Collaboration (1-7), 2008 13.46 China normalized actual 8.71 6.634.08 normalized 9.4 India actual 949.02 normalized 7.59
7.91
204.5
7.64
111.6
7.18
5.88
5.21
4.87
0.94
2.52
3.6
6.8
4.5
8.32
3.6
6.8
S&E Journal Articles / Mil. People, 52.96 2005 Patents Granted by USPTO / Mil. People, avg 2003-2007 0.76
6.46 6.23
31.91 0.58
5.49 5.96
13.36 0.4
4.38 5.55
Innovation is the central issue in economic prosperity - Michael Porter
Strengthening Innovation Ecosystem
Increase R&D expenditures- Indias R&D budget is less than the amount spent by many individual multinationals. India need more CSIR
Effectively enforce and implement IPR to create confidence among domestic and foreign innovators on protection of their innovations in the country Enhance venture capital. In a market economy, one of the most admired economic instruments for spurring innovation is venture capital. The growth of Silicon Valley as well as Taiwan and Israel derives from the intensive use of venture funds, promote Rural Micro Venture Capital in lines of micro credit supported by SIDBI & KVIC. Restructure and modernize universities and publicly funded R&D institutions by giving them flexibility, freedom of operation, and financial autonomy Promote a national fund to support grassroots innovators, with the aim of building a national register of innovators, converting innovations into viable business plans, and disseminating knowledge of indigenous innovations, especially for job creation Entrepreneurs make things happen
Innovation Helps in Social Development

Forty percent of the world's poor live in India 28 percent living below the poverty line More than a third live on less than US$1 a day, and 80 percent live on less than US$2 a day 16% of rural population doesnt have access to clean drinking water
India Example: Green & White Revolution, Jaipur Foot, Arvind Eyes, Simputer Nepal: Kanchan Arsenic Filter reflects humble solution to mammoth problem of safe drinking water Laos: Sunlabob sold several communities solar units; Sunlabob is also active in Hybrid village grid units Kenya: Kickstart manual pumps, The official data says use of 45,000 pumps have created 29,000 new waged jobs, $37 million per year in new profits and wages generated by the pumps and more than 50% of pumps managed by women entrepreneurs Cuba: created the worlds only Hepatitis B vaccine and provided national immunization by the late 1980s Vietnam cut malaria deaths by 97% in 1992-97 with locally researched and produced drugs
Indian KPO Industry
Inception (1996-1998)
Growth (1999-2001)
Consolidation (2002-2004)
Stabilization 2005-2010
Captive Players to increase foothold in the Knowledge Services market. Industry will comprise few large third party players along with the captives. Information Management and Analytics to fuel the market growth in the short run. Independent research for investment banks and large businesses to show traction going ahead
Characteristics:
Start of knowledge services Captive players enter the Indian market Large captive players enter Competition among Third Party players heat-up the market Market consolidation Third Party players start Collaborations between Third cropping up Party player
Examples:
1996 - McKinsey conceives, builds and manages its Knowledge Centre 1997 - GE Capital Services establishes its back office operations 1998 Some Captives (such as Frost & Sullivan and Gartner) establish their operations 2000 Third Party market competition increases with Mphasis and Office Tiger opening their operations 2001 Evalueserve, Irevna and Netscribes enter as Third Party providers 2002 ABN Amro and AT Kearney establishes their back office operations 2003 Morgan Stanley and Prudential establishes their back office operations 2004 ICRA and Bytes to Knowledge (B2K) collaborate to form Brickwork to offer financial services
Market Trend- Economic Imperatives

Global off-shoring2010
39.8
17
: R GAC %2 6
7.7
2010
2003 BPO
KPO
*
Majority of shortfall in highknowledge industry Indian pie KPO Revenue Generation- $12 b Employment Oppr- 250,000
: R GAC %4 6
1.2
Elephant can Gallop

Largest democracy 4th largest economy by PPP index 6th largest energy consumer For Ex reserves skyrocket from USD 42 bn (2001) to USD 166 bn (2006) GDP growth to continue between 8-10% 3rd largest economy by 2050: Goldman Sachs 35 percent of Indians are below the age of 15
Tata- Corus- 5th Largest Manufacturer of Steel Hero Honda - largest manufacturer of motorcycles Moser Baer 3rd largest optical media manufacturer in world 100 Fortune 500 have set R&D facilities in India including GE, Delphi, Eli Lilly, HP, Heinz and Daimler Chrysler Pharmaceutical Industry - 4th largest in world BPO & KPO- Largest destination in World
Knowledge Economy- Engineering Indian Renaissance

Who Says Elephant Cant Gallop? Who Says Elephant Cant Gallop?
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INDIA as Knowledge Economy Knowledge Economy- Engineering Indian Renaissance Who Says Elephant Cant Gallop?

GROUP NO:01 Who Says Elephant Cant Gallop? NAME ROLL NO

Structure of the Presentation

THE ECONOMICS OF THE KNOWLEDGE ECONOMY

DRIVERS OF THE KNOWLEDGE ECONOMY

FOUR PILLARS OF KNOWLEDGE ECONOMY

Production of Knowledge Economy

Is Knowledge Important for Economic Growth?

Almost same per capita GDP

Do we see a co-relation between GDP and Knowledge

Infliction point for US and Western Europe

Infliction point for India

Is India a Knowledge Economy?

Mitigating Knowledge Divide

Mitigating Digital Divide

Innovation Ecosystem Snapshot

Innovation is the central issue in economic prosperity - Michael Porter

Strengthening Innovation Ecosystem

Innovation Helps in Social Development

Indian KPO Industry

Market Trend- Economic Imperatives

Elephant can Gallop

Knowledge Economy- Engineering Indian Renaissance

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