However, Kapil Sibal, union human resource development minister, pointed out that at the outset it is important to have a precise understanding of the concept of wealth in the context of knowledge economy. "The real success of the knowledge economy would depend on the quality of wealth and not the quantity. And quality can only be achieved by having people who have an orientation towards research and innovation," Sibal said while speaking at a session on ‘Changing face of Indian Education System’ organised by FICCI Ladies Organisation (FLO).
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