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India's Innovation Blueprint by George Eby Mathew

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8

Enhancing rural GDP through inclusive innovation

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

– Peter F. Drucker

In the 20 years since economic liberalisation, India’s economy has more than doubled, but the lot of the poor has remained largely unchanged. The number of children under 5 who are malnourished has dropped by just one point in the past 10 years, to 46 per cent, and although per- capita income – an inexact measure in a country with so many poor and so many rich – has doubled to about $1000 a year, inflation has eaten away at that gain. In spite of India’s much vaunted IT revolution, the sector employs not more than 10 million people. Although this ...

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