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Posted at: Jan 3, 2018, 12:01 AM; last updated: Jan 3, 2018, 12:01 AM (IST)

Can't be complacent on innovation

The New Year is upon us. It has been 17 years into the 21st century and if one word has to define this period, 'innovation is bound to reign supreme. Technological innovation in every field has taken place at such a rapid pace over the last two decades that most of it is taken as given.

It is hard to imagine that a world obsessed with acronyms like AI, VR, and EV was still very much dependent on the post office barely 17 years ago. It is unfathomable and potentially scary from some aspects as to what the future holds for mankind.

With the world innovating at breakneck speed, no country wants to be left behind the curve. 

It is clearly time for India to adopt innovation as a paradigm and a long-term principle to be competitive on the world stage. Like China, it is critical that India works upon building an enabling conducive environment for innovation to take place. This includes, but is not limited to, access to technology required for scaling, availability of funding, leadership and skill, and also a market for all this. —IANS

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