A temporal review of global recognition of India's knowledge-based industry through an institutional viewpoint

Skill and talent are the vital requirements in the success of the knowledge-based service industry and gaining worldwide recognition. Independent India's institutions and organizations facilitated appropriate policies during the 1980s in recognizing India's role in this industry at the global arena. Development of knowledge-based industry after economic liberalization in India and China has augmented international investments by foreign firms. The main aim of this paper is to analyse the attraction of India's talented, skilled workforce serving global firms from low-cost maintenance services to innovation-based R&D services fuelling regional growth. The role of institutions and organizations affected the growth of firms and markets.