Publisher's Synopsis
In 2010, India celebrated its 60th anniversary as an independent sovereign republic. Today, India is the fourth largest economy by gross domestic product (GDP). Economically, it is building itself as a formidable force and global influence. At the same time India has fundamental challenges: its inequities are visible; its young population tread a thin line between opportunity and pitfall; its infrastructure has gaping holes; and it's a slow chaotic democracy. This book establishes that in spite of these challenges, a new India is emerging out of the old, colliding more often than collaborating with the old India. Much of the new India is built on the economic momentum established 20 years ago and built by private entrepreneurs. The new economic climate, together with talent and entrepreneurship, is also making India a net supplier of innovation. Going by current trends, India will become an innovation super power by 2035. This book will establish that India is not just leveraging innovation for global competitiveness alone, but is also leveraging innovation as the specific instrument for inclusive growth. This book identifies gaps in the current innovation ecosystem and recommends a portfolio approach and calls for a National Innovation System (NIS) as a blueprint to fix the gaps. It suggests that for India to succeed in identifying, funding and sustaining a balanced innovation portfolio, India will also have to succeed in eliminating poverty, increase its rural GDP manifold, and provide employment, education and health for all its citizens. The Author: George Eby Mathew is an electrical and electronics engineer by training and a former journalist with Indian Express in the early 1990s reporting on the emergence of liberalised Indian economy. Over the past 16 years, he has tracked globalisation, innovation and the emergence of India's technology industries and has authored over 300 related articles, including advisory notes and book chapters. George is currently a Principal Business Consultant with Infosys Australia based in Sydney. Prior, he was head of IT management research at Infosys' centre for innovation and R&D at SETLabs (Software Engineering & Technology Laboratory). He was also an analyst for Gartner. Contents: Introduction; The tipping point eras: a three-dimensional framework to study India; What 60 years achieved; 2007: The beginning of the innovation era; India's place in the new world order: An upswing in the 2000s; Innovation geodynamics - structural shifts; Washington, Beijing and Delhi - new power centres?; Enviable growth: Liberalisation breaks ground for entrepreneurship; Why innovation is critical to sustain growth; Evidence for innovation-led competiveness; Groundbreaking changes: Globalisation 1970; The unforgettable Ambassador; Twenty-five years later; Innovation Foundation: Institutional framework; Government commitment; Gaps in India's innovation system; Gargantuan opportunities and mindless pitfalls: Balancing the portfolio; Paradox in the trenches; Social change, an imperative; Enhancing rural GDP through inclusive innovation: An inclusive innovation portfolio; India's inclusive innovators; The national innovation system imperative; Formalising innovation through a national innovation system: National innovation system - the concept; Lessons from the US innovation model; Establishing an environment for innovation; Index
