India a tech giant? Well no...

The catalytic impact of the diffusion of technology and innovation in promoting economic growth is widely acknowledged. Although India has achieved resounding success in specific technology-intensive areas such as telecommunications and software exports, it fares poorly in most cross-country comparisons of scientific and technological excellence.
Unfortunately, the effectiveness of the Indian educational system in providing quality instruction in science and technology is patchy at best. The electoral slogan "it is the economy, stupid" coined during Bill Clinton's 1992 successful presidential campaign against incumbent George H W Bush has spawned several variants drawing attention to core issues.
I would venture that widespread use of appropriate and high-end technology would help sustain long-term growth in India and hence, the title of this article.
The media in India provides prominent coverage of the net-worth of individuals and pronouncements on the Indian economy, particularly by externally resident pundits. Last month there was a hilarious RK Laxman cartoon in which a VVIP is annoyed for listening to a well-dressed person because he mistook him for a non-resident Indian.
In contrast, there is inadequate attention paid to the state of technical education or significant work by Indian scientists and engineers. Maybe there isn't all that much to report on a regular basis. Consequently, all the more reason to urgently augment human capital in disciplines related to the physical sciences and engineering.
One indication of the quality of innovative work in a country is the number of patents filed by it annually. Table I details the numbers of patents filed in the last five years by select countries and India lags behind the developed countries, ROK and China.
There is no Indian firm, in terms of patents filed in 2006, among the top 20 companies. The top companies, in descending order of the number of patents filed, are: Philips (Netherlands), Matshushita (Japan), Siemens (Germany), Nokia (Finland), Robert Bosch (Germany), 3M (US), BASF (Germany), Toyota (Japan), Intel and Motorola (US).
The World Bank has designed a Knowledge Economy Index, which covers 132 countries on a scale of zero to ten. Each country's KEI rating is based on the extent to which:
Its economic and institutional regime promotes entrepreneurship;
It has an educated and skilled population;
It is able to adapt global knowledge to local needs; and
Its information and communication technology can "facilitate effective creation, dissemination and processing of information".
Table II indicates that India's KEI rating is lower than the global average and well below the G-7 average.
An indispensable requirement in a globalising world is that the average quality of our human resources has to be higher than the global average. On a country-wide basis we have to effect greater selectivity in choosing teachers, particularly in the scientific and technical disciplines, and their compensation package has to include assured housing and generous medical, retirement benefits.
now wat do u all say???????????????????/