Global Narratives of Knowledge and Innovation-Based Development

Abstract

The composite of knowledge and innovation play a vital role in the economic and spatial restructuring of the city. The chapter examines the research that includes need identification with emerging global discourses of knowledge and spatial development. The assessment of the critical parameters for knowledge and innovation from a global and Indian perspective. The evaluation of knowledge-based indicators for Karnataka along with sustainable development goals. This chapter has four sections. The first section discusses the global cases for knowledge-based development and growth. The examination of expenditure on research and development as gross domestic product percentage for India is only 0.64 in juxtaposition to Israel and South Korea which has a higher proportion of 4.95 and 4.80% dedicated to innovation and research. The second section discusses India’s existing condition and proposed approaches to embark upon knowledge-based growth and development. This assessment includes the ‘global innovation indices’ and NITI Aayog’s knowledge-based development parameters. The third section addresses the SDGs and innovation policies from notable Indian states. The chapter particularly focuses on Karnataka Vision 2030 since it has obtained the best score in NITI Aayog’s ranking for innovation 2020. Lastly, some recommendations for knowledge-based development, demystifying the approaches from international and national cases, are included at the end of chapter.