Abstract :
To compete globally and accelerate her growth trajectory, India has accepted an unprecedented challenge to grow into a world-class knowledge powerhouse. The ‘mantra’ is, “in a global marketplace a knowledge-economy underpinned by a skilled workforce is the key to economic growth and prosperity and minimizing poverty”. In spite of India’s high growth-rate, poverty is pervasive. Sustainable and accelerating growth and prosperity can eradicate poverty and provide greater opportunities for her fast growing workforce – an addition of 71 million young people by 2011 (The Economist, 2006: 3 June).
