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Dear Prof. Basu While knowledge transfer is important, even bigger is the issue of knowledge formation and its connection with development. In India, we face a severe informalization of "practical" knowledge formation. Most formal structures of knowledge formation (universities, formal R&D etc.) serve global markets (IT, automotive, consultancy and so on) while local problems of water, energy languish. I think the WB can do a lot more to re-orient formal knowledge production in India. See paper below. Regards, Milind Sohoni, IIT Bombay Sohoni, Milind Ashok, Knowledge and Practice for India as a Developing Country (February 2, 2013). Available at SSRN: http://ssrn.com/abstract=2210323 or http://dx.doi.org/10.2139/ssrn.2210323