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The Knowledge Economy: Theory, Policy and Practice in India is a timely and valuable contribution that bridges conceptual foundations with India’s ground realities. Authored by four experts with complementary strengths, the book systematically examines the characteristics and evolution of the knowledge economy, analyses India’s emergence as a significant player and delves deeply into the two most critical pillars—human capital and innovation—that will determine the country’s future trajectory. What makes this book particularly relevant is its balanced approach. It does not merely celebrate India’s achievements in software exports, digital payments, or space technology; it also confronts the persistent challenges of skilling millions, reversing brain drain, strengthening innovation ecosystems and ensuring inclusive growth. The detailed treatment of the 5E Framework of Innovation (Enablers, Education, Engagement, Entrepreneurship and Empowerment) offers a practical lens through which policymakers, educators and industry leaders can view India’s innovation challenges.