India's Knowledge based Economy: A Model of Sustainable Development for Iran))

Document Type : Research Paper

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Abstract

Development, as a concept of qualitative evolution from one period to another, requires a broad scale economic, political, cultural, and social transformation. Thus, development is a process that encompasses various aspects of economic, political, social and cultural. The development of the future world will be based on a knowledge based economy, in which this will soon form a comprehensive modern economic behavior for the human society.
This paper reviews the position and importance of the knowledge based economy and its role in the sustainable development of the Indian sub-continent, which may be regarded as an evaluation model for development.
After analyzing the literature review and employing the relevant areas of the above mentioned issue on knowledge based and sustainable economic development, the consequences of knowledge based economy such as change in the economic relation and globalization shall be taken into consideration. Then the traditional methods in measuring the basics and foundations of knowledge based economy especially the World Bank index are introduced.
By investigating the performance of Indian knowledge based economy as a successful model, it is obvious thatIndiahas chosen the right direction. We believe that if the Iranian policy methods follow such a model, it can benefit the country.

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References

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