COMPETITIVENESS

Innovation Key To Making India A Global Competitor

Although numerous efforts have been made by the government to boost innovation and entrepreneurship in India, there is a lack of institutional framework for the effective implementation of such reforms. According to the World Bank, India ranks 158th on "ease of starting a business" out of 189 economies. These rankings are very discouraging and mean that many bright ideas don't see the light of day.

Innovation Key To Making India A Global Competitor

Although numerous efforts have been made by the government to boost innovation and entrepreneurship in India, there is a lack of institutional framework for the effective implementation of such reforms. According to the World Bank, India ranks 158th on "ease of starting a business" out of 189 economies. These rankings are very discouraging and mean that many bright ideas don't see the light of day.