The most well-known examples of commercial innovation by Indian companies probably come from the automotive, pharmaceutical and biotech sectors. For example, Mahindra & Mahindra has gained market share and stock market respect due to their investments in world-class research and development (R&D), Mahindra Research Valley. But some wonder whether Indians can truly innovate on a global scale worthy of a nation whose economy now exceeds Japan in purchasing power parity.
Image: Best-selling author Vijay Govindarajan (left) and management consulting firm Amritt Inc MD Gunjan Bagla
