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In recent times knowledge has been recognised as a major source of efficiency, competitiveness, and economic growth and the resulting 'Knowledge Society' is supposed to be more egalitarian. Whether this happens depends on the level of penetration of the 'Knowledge Economy' (KE), its linkage with other sectors, the nature of the jobs created, and whether different stratum of society benefit from it equally. This paper uses the Indian experience to shed light on these issues. While huge potential for transition to a Knowledge Society exists in India, it would have to be preceded and accompanied by enabling policies such as investment in scientific research, standardisation of working conditions, and the building up of physical and social infrastructure. [ABSTRACT FROM AUTHOR]

Tertiarisation of the labour market has been associated globally with economic progress. In developing countries, labour market deformities may push people into the service economy out of distress. This paper examines the tertiarisation process in the Indian labour market to identify the reasons behind such trends and the likely impact of such movements. It is observed that the employment growth in the tertiary sector had been dynamic and growth-induced during the 1980s, but in recent times has become distress-driven. Sub-sectors within the tertiary sector are behaving differently, indicating the heterogeneity of this sector. Policymakers should note these issues and take appropriate steps not only to boost high-end jobs but also to improve productivity and returns in low-end jobs. Only then will a tertiary sector revolution in India be beneficial to the workers en masse and be sustainable. [ABSTRACT FROM AUTHOR]