The GE Global Innovation Barometer 2013, a survey of 3,000 executives in 25 countries on their perception of the importance, practice and barriers to innovation in their organizations and nations, threw up mixed results for India. Though Indian executives didn’t rate the country as innovative compared with many others, they believed that more than products, novel business processes are the way forward and innovation ought to cater to the needs of local, specialized markets. A separate ranking of Global Innovation countries revealed that India’s impressive talent pool of scientists and engineers were thwarted by its poor broadband, intellectual property laws and foreign investment restrictions.
Indian executives believe novel business processes are the way forward, the GE Global Innovation Barometer shows
Updated: Thu, Jan 17 2013. 11 59 PM IST