Perhaps no other country in the world has staked as much hope and relative financial resources on the Innovation Economy as India. The government has made great strides to open markets and create a globally competitive economy. The institutes of higher education have set an excellent standard for universities as a great national resource for research and economic development. Indian software engineers and programmers have succeeded as equal members of multinational teams . Indian entrepreneurs have created many successful start-ups in India, Silicon Valley, and other regions . Indians throughout the world's most important technology companies have risen to the highest levels of management. Indian venture capitalists and successful NRIs (non-resident Indians) have taken major roles in helping to transform the Indian economy from a marginal third-world country barely able to feed its teeming population to a fast-growing economic powerhouse of great promise.
In this section, we explore each of these factors to help understand the Indian model for adaptation to the Innovation Economy.
