Knowledge Economy in a Globalised India: Who Gets What?

At the beginning of the 21st century, the world started to spot India as one of
the global epicenter of Information Technology (IT) industry. Unlike any other
industries, IT caters the idea of knowledge and market, two essential pillars in
the knowledge economy. Also, unlike the old type of financial economy which
tends to be excessive due to its weighting on growth development, the term
knowledge economy brings the idea of human capital investment and greater
opportunity for vertical mobilization, hence promises more social equity.
However, despite a more positive outlook towards India, records on poverty,
malnutrition, and other social issues in India seem unmoved. This paper
attempts to highlight how IT industry has actually developed in India and how
likely it will lead to.