As with our growth, it is unlikely that India will take the same path to innovation which the Western world took
On the surface, India is not an innovation economy. We have too few patents for a country of our size and very few globally path-breaking products have been invented here. We lack a tradition of people starting businesses which go on to undermine the business models of big companies, and we haven’t invented many new industries (with the notable exception of information technology or IT Services). Even the current e-commerce wave is a derivative of what has happened in the West, and in some ways has significantly lagged behind other parts of the world.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.