Salon Camden@MPI

SALONCAMDEN@MPI
July 8/2013
INDIA RISING:
Creative Economy In India At The State Level

Despite having one of the largest populations and economies in the world, many common misconceptions and unknowns persist regarding India, highlighting the need for an in depth analysis using a variety of data sources.

The Institute for Competitiveness (the Indian partner of the Institute for Strategy and Competitiveness at the Harvard Business School) and the Martin Prosperity Institute founded the Prosperity Institute of India (PII) in September 2012. As partners, MPI and the PII engage in research and publish Insights, research reports, academic papers, and working papers with the objective of enhancing the current and future prosperity and competitiveness within India, with a specific focus on examining the role of creativity and the Creative Economy. We here at the MPI have worked to start this examination with the release of our first India report which looks at the Creative Economy in India at the State level.

A common misconception held regarding India is the notion that the Information and Communications Technology sector of the labour force is the primary driver of the economy. By analysing India in regards to the 3Ts of economic development, we aimed to examine what aspects of Talent, Technology, and Tolerance are driving India’s economy, across different locations. Delhi was found to be the State or Union Territory with the highest Creativity Index in India, due largely to the region’s strong performance on our Technology and Talent Indices. While generally the top 5 States or Union Territories had either a high Talent or Technology Index (or both), they usually held a lower Tolerance Index. The most troublesome assertion that can be made is the polarization that exists between the economic potential of different States and Union Territories. Many of the greater populated rural States compared to the lesser populated urban States presents a divide within the country, in which urban locations seem to have much greater economic potential.

 

 
COPYRIGHT © 2012 SALON CAMDEN                                                                                                                                                                                PHOTO COURTESY THE HOGTOWN PROJECT