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Silcon Valley to India: Build an Innovation Ecosystem and Good Things Will Come
India’s business prowess has been influenced by the ability of its entrepreneurs to innovate. But if the ability to recognize an opportunity to innovate is to become part of the national business culture, then changes in non-business domains must be made. This article details the history of innovation in India, the nature of innovation for low cost, and India’s gradual embracing of innovation, as well as obstacles to innovation such as company hierarchies and societal stratification.