Return of intellectual capital: An innovative way to measure intellectual capital

Abstract

The present age is the age of transformation of knowledge into technology and so our economy is transformed into knowledge economy. Knowledge is being recognized as the currency of every economy and so the information and relationship resources are being utilized by companies in the way physical assets like machinery, property and assets have been used for developing a business (Harsh Purohit, 2017). Multi-facted development over the last two decades had been seen which includes revolutionary Information technology sector, and over there India is the second most populous country in the world and one of the fastest growing economies for developing information technology (Mahesh Joshi, 2011). According to the report real Gross Domestic Product (GDP) of India for the year 2010 was highest 13.3 (India real GDP growth. (2018, June 1)). Even the present economic study also reveals that India also comes in the position of fastest growing economies in world in future period. Among the top 5 countries India stood first in the position with the projected GDP of 7.2% (FocusEconomics. (n.d.)). Three sectors namely the Service sector, Industrial Sector and Agricultural sector accounted for 53.89%, 25.92% and 20.19% of GDP respectively in 2021.