Protecting established entities, resisting change, or prioritising short-term political gains can all lead to stagnation traps. India must embrace creative destruction for prosperity.
Joel Mokyr identified prerequisites for sustained growth through technological progress, while Philippe Aghion and Peter Howitt showcased how new technologies drive productivity by displacing outdated ones.
In 2022-2023, Tata Motors spent 5.86% of its total sales on R&D—on par with global automotive leaders like Toyota and Ford and more than the combined R&D spending of 30 largest Indian companies.
There’s something deliciously mordant about minister Piyush Goyal standing before India’s most successful non-conformists, only to scold them for conforming a little too successfully.
In 2023, the number of patents granted rose to 300 from 156 in 2022. More than 370 startups have emerged from its incubation cell since 2013, with market valuation of Rs 47,000 cr.
Department of Science and Technology session focused on research and innovation, entrepreneurship, technology development, governance, and international cooperation.
Analysts from AllianceBernstein point to four areas where India lags behind its Asian peers and underline that nation finds no mention in global healthcare innovation index.
IIT-Kanpur's SIIC has been leading the innovation race. The incubation centre is connecting entrepreneurs and scientists to funders while providing infrastructural support.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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