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In recent times, Indian Industry has started practicing Innovation as a business strategy which is great step towards making India an Innovation-led economy. Innovation is a much discussed topic now in different Government and private forums across all sectors.
It has been widely realized by various stakeholders that the Indian model of innovation has to be Inclusive innovation, with even the National Innovation Council (NInC) set up by the Government also promoting this concept actively. More and more companies are also trying to inculcate inclusive innovation approaches in their business and are striving to achieve sustainable growth over a long term period.
Confederation of Indian Industry (CII) has always been the proponent for growth of Indian industry and has been supporting the industry to weather unstable economic environment with the application of innovation, to benefit all sections of the society.
This issue of Policy Watch focuses on an urgent need for the Indian industry to focus and practice inclusive innovation model in their business and also outlines some specific recommendations to achieve the same.