Abstract
This write-up extends a point of view on what drives innovation and assesses India's current potential for innovation. It presents our views on the factors in India's culture, economy and competitive markets that influence innovation. Our research on innovation and analysis of India's socio-economic fabric suggests that though there are several factors that may be blocking innovation in India, there are also sound fundamental characteristics of Indian society, economic conditions and its current position in the global value chain that can potentially make India an innovation powerhouse. In today's rapidly changing world, opportunities can quickly fade away. India, we believe, is currently presented with a unique opportunity to build its innovation cpacity. The write-up also proposes a mix of short and long-term initiatives that need to be taken by all the relevant stakeholders to ensure that the country can capitalise on this opportunity and join the league of the most innovative countries.
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