India is a country full of paradoxes. The elite in the country are forward-looking; they emphasise the need for reskilling but they conduct all this with backward-looking institutions. An acute observer once said: “we want to be [a] knowledge economy without reflecting on the demands of [a] knowledge society. As a result, we lack the institutions to be systematically innovative and our policies seem short run and erratic. We are being outfought and out-thought in the realm of knowledge and policy, while confusing rhetorical victories for real time gains.”