With all the nonsense around how great we make ourselves feel about our country, it’s a pity that we rank among the lowest in “Global Innovation Ranking”.
This innovation index was released recently by the international business school INSEAD and the World Intellectual Property Organization (WIPO) along with the Confederation of Indian Industries (CII), Alcatel-Lucent and Booz & Co. According to the study, “The innovation front in India continues to be penalized by deficits in human capital and research; infrastructure and business sophistication, where it comes last among BRICs, and in knowledge and technology outputs, where it comes in ahead of Brazil only.”
The implications of this study are super-bad considering that it directly reflects the state of the roots that will eventually result in how our future generations, and hence the future of our country evolves. We clearly need better government measures in regulations, education (most importantly) and infrastructure.
But beyond that, we need a clear change in our attitude towards growing. The copy-cat model that we follow in practically every sphere of life is derived out of the clearly restricted thinking that our social and cultural revisions have arrested us in. Openness in terms of thinking, risk-taking is definitely not a forte of us Indians; and this NEEDS TO CHANGE.
Only then will we advance with technological innovation, thought leadership in various spheres and most importantly, business-model innovation that will push us to do better.
More here - TIME.