R AND D'S VALUE IN SHAPING EDUCATION POLICY IN THE CONTEXT OF THE KNOWLEDGE ECONOMY

Abstract

The current scenario where knowledge has taken its place atop the means of production has been gaining traction, and soon the knowledge economy will solidify its position among the primary driver of this interconnected, globalized economy. The knowledge mentioned is created by individuals, aided by a government’s education policy, especially in the higher education sector. This paper focuses on the role that Research and Development plays in the education policy and how to best leverage it to ensure that India emerges as a leader in the coming years internationally.