ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Innovation

The Calling of Regeneration

Situated at the intersection of sociology, economics, philosophy, and ethics, the article illuminates the urgent choices facing society amid stark global challenges such as poverty and misinformation. It contrasts the utopian promise of “innovation for regeneration” with the darker reality of “disruptive innovation,” represented metaphorically by the global arms race. Drawing from a broad range of theories—including sustainable development, existentialist philosophy, and conflict theory—the article explores the complex socio-economic and ethical dimensions of
these choices.

In Search of a More Innovative Innovation Index for India

The construction of the India Innovation Index, following the Global Innovation Index, by the NITI Aayog and the Institute for Competitiveness, is a timely initiative that gained significant traction in academic and policy circles. However, it is shown that III could be made more robust by strengthening its analytical foundations by characterising India’s innovation system from a southern perspective and locating more appropriate indicators that capture the process of innovation at the national and subnational levels in India.

Does FDI Induce Technological Advancements in India?

The study used partial least squares-structural equation model and found that foreign direct investment and research and development expenditures have a positive relationship with high technology exports (indicator for technological advancement), whereas technical cooperation grants have a negative relationship with HTE in India.

Science, Technology, and Innovation Policy 2020

The draft Science, Technology, and Innovation Policy, 2020 is a non-starter as a policy on innovation and calls for redrafting. Consultative processes that have gone into the making of the policy have been inadequately participatory, and hence, a collaboration with the mobilised publics of science, technology and innovation is required.

 

Will COVID-19 Change the Landscape of Financing Innovation in India?

The COVID-19 pandemic may affect the financing opportunities for innovation. The revenue loss induced by the pandemic is likely to divert the existing resources in aiding firm survival and economic recovery, with financing innovation taking the back seat. Highlighting the current state of innovation in the country, the rise of the country in its innovation ranking and its existing sources of funding is brought to the forefront. Various avenues presently exist for this purpose and more outlets could be explored to boost the funds for innovative efforts. Experience and policies of other emerging economies can help devise suitable measures that could further enhance India’s trajectory up the innovation ranking.

Developing India’s Mobile Phone Manufacturing Industry

In the absence of any major domestic mobile phone manufacturers, increased imports of mobile phones have contributed to a widening of India’s trade deficit. An analysis of the policy instruments put in place to incentivise the domestic manufacturing of mobile phones reveals a spike in domestic manufacturing, leading to significant reductions in the imports of mobile phones. However, domestically manufactured phones are dependent on imports of parts. This high import dependence itself is an outcome of the weak innovation capability in the domestic industry.

An Imbalanced Ecosystem

The rapid development of various institutions supporting company creation in India has the potential to generate economic growth, innovation, and economic development. However, this article shows that the start-up ecosystem has unevenly developed across cities and economic sectors, and has failed to empower the overall population, so far. Using a comprehensive database on start-ups retrieved from Tracxn, a business data and analytics company, the authors find that venture capital concentrates amongst graduates stemming from a handful of prestigious education institutes in India and abroad. The article analyses the role of entrepreneurship policies and argues for a shift of focus and resources towards the building of a more inclusive start-up ecosystem.