Role of Human Capital and Innovation in Economic Growth: Comparative Study of India and China

Tiwari, R., Anjum, B., Khem Chand, Phuyal, M. (2017). Role of Human Capital and Innovation in Economic Growth: Comparative Study of India and China, International Journal for Research in Applied Science & Engineering Technology, 5(XI), 4042-4048.

9 Pages Posted: 4 May 2021

See all articles by Rajesh Tiwari

Rajesh Tiwari

United College of Education

Bimal Anjum

DAV College

Khem Chand

Asia Pacific Institute of Information Technology

Manish Phuyal

Asia Pacific Institute of Information Technology

Date Written: November 30, 2017

Abstract

The paper evaluates the role of human capital and innovation in economic growth. Human capital and innovation has become crucial for economic growth in the globalized economy. The study compares human capital, innovation parameters and GDP for India and China. Secondary data is used for the study. Patent and GDP data is considered from 2001 to 2015. It is found that China has focused on education and innovation to support aggressive growth oriented policies. A significant positive correlation was found between patent and GDP in India and China. Patent growth rate showed significant differences between India and China. The demographic profile, political activism, and judicious use of information technology can strengthen the innovation ecosystem and economic growth in India.

Keywords: Human Capital, Innovation, Patent, Education, Economy, China, India

JEL Classification: N10

Suggested Citation

Tiwari, Rajesh and Anjum, Bimal and Chand, Khem and Phuyal, Manish, Role of Human Capital and Innovation in Economic Growth: Comparative Study of India and China (November 30, 2017). Tiwari, R., Anjum, B., Khem Chand, Phuyal, M. (2017). Role of Human Capital and Innovation in Economic Growth: Comparative Study of India and China, International Journal for Research in Applied Science & Engineering Technology, 5(XI), 4042-4048., Available at SSRN: https://ssrn.com/abstract=3833702

Rajesh Tiwari (Contact Author)

United College of Education ( email )

Greater Noida
India

Bimal Anjum

DAV College

Sector 10 D
Chandigarh, 160011
India

Khem Chand

Asia Pacific Institute of Information Technology

Technology Park Malaysia
Bukit Jalil, Kuala Lumpur
Malaysia

Manish Phuyal

Asia Pacific Institute of Information Technology

Technology Park Malaysia
Bukit Jalil, Kuala Lumpur
Malaysia

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