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The Growth of Knowledge-intensive Entrepreneurship in India, 1991-2007

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  • Mani, Sunil

    (Centre for Development Studies, Kerala)

Abstract

There is enough consensus to show that India's economic performance since 1991 is a direct result of the economic liberalization measures that have been put in place. One of the outcomes of this improved performance is the growth of innovations in the country. This was accompanied by or caused by the emergence of a number of technology-based enterprises. This paper takes a critical look at the available quantitative evidence on the growth of knowledge or technologybased entrepreneurship. It then looks at five facilitating factors for the emergence of this phenomenon in terms of the existence of increased market opportunities, availability of financial support schemes in the form of venture capital funds, existence and enlargement of a number of government programmes, a number of private sector initiatives and education, and training leading to the supply of technically trained personnel. The paper concludes with certain policy suggestions for the continued sustenance of this activity.

Suggested Citation

  • Mani, Sunil, 2009. "The Growth of Knowledge-intensive Entrepreneurship in India, 1991-2007," MERIT Working Papers 2009-051, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2009051
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    References listed on IDEAS

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    1. Rufin Baghana & Pierre Mohnen, 2009. "Effectiveness of R&D tax incentives in small and large enterprises in Québec," Small Business Economics, Springer, vol. 33(1), pages 91-107, June.
    2. Panagariya, Arvind, 2011. "India: The Emerging Giant," OUP Catalogue, Oxford University Press, number 9780199751563.
    3. Deepak Nayyar, 2008. "The Internationalization of Firms From India: Investment, Mergers and Acquisitions," Oxford Development Studies, Taylor & Francis Journals, vol. 36(1), pages 111-131.
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    Cited by:

    1. Manuel Gonzalo & Hugo Kantis, 2021. "The Indian venture capital emergence, development, and boom: A southern contextualization," Growth and Change, Wiley Blackwell, vol. 52(2), pages 687-705, June.
    2. Arindam Banerjee, 2009. "Peasant classes, farm incomes and rural indebtedness: An analysis of household production data," Centre for Development Studies, Trivendrum Working Papers 410, Centre for Development Studies, Trivendrum, India.

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    More about this item

    Keywords

    knowledge-intensive entrepreneurship; knowledge process; outsourcing venture capital; angel financing; business incubators;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises

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