Innovation in India: Challenges and Opportunities

Challenges

  • Low Expenditure: India's spending on R&D is now much lower than the threshold of 2% of GDP that the majority of innovative nations use.
  • Firm Size: The manufacturing industry in India is oddly constructed, with companies ranging in size from very small (fewer than 50 employees) to very large (more than 500 employees). One issue brought on by this structure is the stark gap in production between large and small businesses, which is 10 times greater for the former. Innovation also demonstrates this distinction.
  • Market for Labour: It's sometimes thought that implementing cutting-edge technologies would eliminate the need for ....
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