If the govt is serious about boosting innovation, it should invest in higher education instead of rolling back scholarships
Mumbai: India has no dearth of innovation initiatives, both in the government and the private sector. Yet, the country continues to lag other developing nations.
A recent survey called Contributors and Detractors: Ranking Countries’ Impact on Global Innovation, conducted by a US-based think tank, the Information Technology and Innovation Foundation (ITIF), ranks India near the bottom of a list of 56 countries.
While India’s intellectual property laws, export subsidies and balkanized market in services have contributed in large parts to its poor ranking, a close look at the sub-indices of the ITIF study reveals that the country’s poor performance in developing human capital has also not helped its rankings.
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