ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Is India Becoming More Innovative since 1991? Some Disquieting Features

India is variously described as a knowledge-based economy in the making, thanks essentially due to her high economic growth and the role played by knowledge-intensive sectors such as information technology in spurring and maintaining this growth performance. This paper looks at the empirical evidence on whether this is indeed the case since the reform process began in 1991. A variety of conventional indicators are analysed and their movements over the last two decades or so are charted to draw some firm conclusions. The results show that instances of innovation are restricted to a few areas such as the pharmaceutical industry. Further, increasingly most of the innovations in industry are contributed by foreign firms operating in the country.

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