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India & the UK can work together to define Knowledge Economy

by on November 9, 2016

PM Modi: “I am delighted to address the India-UK Tech Summit 2016. The Tech Summit was envisaged during my visit to the UK in November last year to reinforce the friendship between India and the UK. It also marks the high point commemorating 2016 as the ‘India-UK Year of Education, Research and Innovation’. It is a privilege that Right Honorable Theresa May, the Prime Minister of United Kingdom has joined us at this event. … Today, the world is at an inflection point where technology advancement is transformational. It is vital that India and the United Kingdom, two countries linked by history, work together to define the knowledge economy of the 21st century. Rest

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The application of knowledge is now recognized to be one of the key sources of growth in the global economy. The term Knowledge Economy (KE) has been coined to reflect this increased importance of knowledge. A knowledge economy is one where organizations and people acquire, create, disseminate, and use knowledge more effectively for greater economic and social development. – World Bank Knowledge for Development (K4D)

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