Unleashing India's Innovation: Toward Sustainable and Inclusive GrowthMark Andrew Dutz India's recent growth rate has been impressive, with real GDP rising by over 8 percent a year since 2004. The country is also becoming a top global innovator for high-tech products and services. Still, India is underperforming relative to its innovation potential. Even a dynamic young population-more than half of whom are under 25 years of age-is constrained when skills training and higher education are insufficient. To sustain competitiveness, economic growth, and rising living standards over the long term, India needs to aggressively harness its innovation potential. The term innovation is broadly defined in this book to include both the creation and commercialization of new knowledge and the diffusion and absorption of existing knowledge in new contexts. A unique feature is the book's focus on inclusive innovation, that is, knowledge creation and absorption activities most relevant to the needs of the poor. Concrete recommendations are made for increasing productivity and welfare through the disciplining role of competition, including training and education, information infrastructure, and public and private finance as support mechanisms for broad-based innovation. Unleashing India's Innovation: Toward Sustainable and Inclusive Growth provides national and local policy makers, private sector enterprises, academic and research institutions, international organizations, and civil society with a better understanding of the power of innovation to fuel economic growth and poverty reduction. Book jacket. |
Contents
The Indian Context and Enabling Environment | 23 |
vi | 28 |
Creating and Commercializing Knowledge | 49 |
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agriculture angel investors areas Brazil centers China collaboration commercialization companies competition costs create CSIR Delhi domestic early-stage Economic efforts Enterprise Survey entrepreneurs ESTD evaluation Evalueserve exports finance firms foreign formal fund of funds Gbps GÉANT2 global knowledge grassroots innovators growth higher education improve incentives increase incubators India Industrial Research informal sector infrastructure initiatives intellectual property Internet2 investment investors Korea licensing matching grants million MNCs MSMEs NASSCOM National National Knowledge Commission needs networks NREN OECD outputs patent percent pharmaceutical potential private equity private sector productivity programs projects promoting public R&D public research public-private public-private partnerships R&D spending research and education research institutes rural Russian Fed Science and Technology skills small enterprises SMEs Source South Asia start-ups strengthen tion traditional knowledge universities upgrading venture capital venture capital funds Washington workers World Bank