Formalising innovation through a national innovation system
Innovation is the central issue in economic prosperity.– Michael Porter
India’s innovation journey started on a strong foundation but its pace was stifled by an inward-looking and disjointed agenda. Much of it in the earlier years was fuelled by protectionism to drive self-reliance that coerced Indian industry, military and the public sector to innovate within its means for subsistence that often resulted in substandard and low- quality outcomes. Isolation of these activities from the outside world for over 44 years since independence meant that there were no external benchmarks or sharing of best practices or even a reference mechanism to judge progress. This often meant that India ...
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