Innovation index highlights India’s contradictions

Stocks

India has shown it is capable of producing unicorns but on the innovation front, it needs to do a lot more to create an enabling environment

September 24, 2021 / 08:25 AM IST

Innovation index highlights India’s contradictions

Indians like to believe that their country has a presence on the global innovation scene through, first, the emergence and flowering of its software services sector, and more recently the rise of its technology startups which have achieved the status of unicorns – privately held startups that are valued at over a billion dollars. India began the current financial year with a third place on the global unicorns league table with a headcount of 65, preceded by China at the…