The phrase 'Knowledge Economy' is used to describe the growth of:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → IT sector
Option (2) IT sector — Correct. With the shift to services and knowledge-based work, like IT, we often hear the phrase ‘knowledge economy’ used to describe the growth of the IT sector in India. Software professionals, well educated and middle class, are the face of this growth.
NCERT (2025-26): “5.4 How is work carried out? … One important debate in sociology is whether industrialisation and the shift to services and knowledge-based work, like IT, leads to greater skills in society. We often hear the phrase ‘knowledge economy’ to describe the growth of IT sector in India. But how do you compare the skills of a farmer who knows how to grow many hundreds of crops relying on his or her understanding of the weather, the soil and the seeds, with the knowledge of a software professional? Both are skilled but in different ways.…” |