India- A Leadig Exporter of In Tell Actual Capital

8/3/2019 India- A Leadig Exporter of In Tell Actual Capital

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Page 1India A leading exporter of Intellectual Capital

India A leading exporter of Intellectual Capital

Abstract:

Intellectual capital is crucial to the process of innovation and production of goods andservices that would assure a secure and prosperous nation. In this era of Education

Booming if India needs to get win-win situation for sustainability in various sector then

India has to develop system to retain Intellectual Capital which western countries are

inviting by providing perks. For decades it was seen that Indian intellectual capital has

been providing significant contribution in worlds leading countries. Because of efforts

from government, India will be able to provide various opportunities to bright brains of

the country with in territory itself. But still again it is a big worry whether India will be

able to survive in demand of higher education of common man with out foreign

collaboration or not.

Key Words: Innovation, Intellectual Capital, Perks, foreign collaboration


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Author:

1. Mr. Deval Nirmal

Assistant Professor

Dr. J K Patel Institute OfManagement

(Affiliated to GTU )

P.O. Limda,

Ta. Waghodia

Dist. Vadodara -391760

Gujarat.

Mo. 09898774291

Email id: [email protected]

2. Ms. Madhura Tilak

Assistant Professor

Dr. J K Patel Institute OfManagement

(Affiliated to GTU)

P.O. Limda,

Ta. Waghodia

Dist. Vadodara -391760

Gujarat.

Mo. 9978937505

Email id: [email protected]


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If the 19th century is characterized as the scramble for Africa and the 20th

century is about the scramble for oil, then the 21st century will soon be seen as

scramble for intellectual capital.

More than ever, industrialized nations and developing countries understand that

if they are to be significant players on the global scene, or, at a minimum, if they

are to control their own destinies, they must secure the best and the brightest

minds. Intellectual capital is indispensable to the process of innovation and

production of goods and services that would guarantee a secure and prosperous

economy.

Evidence of this realization abounds in some of the worlds leading industrial

countries in the west. The immigration policies in Canada, UK, Australia, New

Zealand, Germany and the United States reward in greater numbers, either

through the assignment of points or quotas, permanent resident status and well

as work authorization to immigrants who have achieved the highest levels of

education.

Such individuals are understood to be the most desirable immigrants and

therefore, the path to permanent residency or long-term employees is made as

easy as possible. In some cases, some of these rewards are targeted to benefit

immigrants with advanced degrees and professional experience in specific fields.

In the United States, for example, students in what is known as the STEM fields

(Science, Technology, Engineering and Math) are allowed more than twice the


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time given to students in other fields of Endeavour to remain and work in the

United States after completion of their programmes of study.

If the current economic boom in India is to be sustainable, if India is to match its

status as one of the worlds leading democracies with a position as a leading

global economy, it has no alternative but to develop a formidable arsenal in

intellectual capital.

This may not be as overwhelming a challenge as it may seem. The industrial parks,

the boardrooms, the research labs and the decision-making centers for the

worlds leading industrial nations are chock full of Indian immigrants contributing

their considerable talents to the prosperity of these nations.

If anything, India has been a net exporter of intellectual capital for a very long

time.

Greener pastures

Severely limited by the capacity of its higher education institutions, Indian

students have historically left India to seek graduate training in the centers of

learning around the world.

Many of them have remained in these countries and pursued very successful

careers, adding to the growing footprint and influence of the Indian diaspora.

Indias challenge is not so much to bring back these very talented men and

women to take positions in Indian society as much as it is to rapidly create the

means for significantly larger numbers of Indian students to receive the training

to meet the needs of the Indian workforce right here in India.


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One of the strategies to address this challenge involves entering into partnership

with credible and fully accredited institutions of higher education from around

the world that can deliver academic content in India.

The recent pronouncements by the Indian government to liberalize higher

education policy in India make the prospect of this possibility much more real.

With the dismantling of the red tape that has historically kept leading universities

out of India, Indian citizens will soon have the unprecedented opportunity to

select from among a much broader menu of educational training options and

enroll at some of the very best educational institutions without leaving their

home country.

The rapid rise of the middle class in India also now mean that many more families

have the resources to pay for academic training. Aided and abetted by the reality

that Indian families generally perceive investment in education as possibly the

best investment they could make for their children, and even for themselves, the

demand for higher education can only be expected to grow in the coming years.

Will the entry of American universities in India be the answer to the massive

unmet need for undergraduate and graduate degrees in India? Probably not, but

in the near future, they can certainly help to ameliorate some of the difficulties in

this regard.

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India- A Leadig Exporter of In Tell Actual Capital