ABSTRACT

In the global economy, knowledge has become a highly valuable resource. It has surpassed land, labour or capital as the most valuable resource. Though knowledge can produce, create and utilise gainfully all other resources, none can replace knowledge as a resource itself (Gupta, 2008a: 2). The new powerhouses of modern knowledge-based and technology-driven economies are ‘e-innovation’, ‘creativity’, ‘ingenuity’ and ‘imagination’. Hence it has become imperative to invest in human resource, knowledge and technological skills.