Recently, Prime Minister Singh of India declared the present decade to be the ‘Decade of Innovation’ and announced the creation of a National Innovation Council, which will promote innovation centers nationwide. When laying out, “A Strategy for American Innovation,” President Obama said: “The United States led the world’s economies in the 20th century because we led the world in innovation. Today, the competition is keener; the challenge is tougher; and that is why innovation is more important than ever.” Clearly, our leaders get the critical importance of innovation—the application of new inventions and technologies to solve old problems, address new challenges and generate economic growth. What’s needed now is action from legislators on both sides to press ahead and enable innovation. New drug discoveries, clean energy, energy efficient buildings, greater access to electricity and lower-cost healthcare, cold-chain technologies, expanded access to broadband and joint experiments in space can all be many steps closer to reality if policies are put in place to enhance bilateral cooperation between the U.S. and India.
To read the full, original article click on this link: Towards an Innovation Economy: Challenges for the U.S. and India –
Author:Persis Khambatta
