Jugaad is a Hindi word that describes an improvised or makeshift solution using scarce resources. It is an innovation theory that involves taking a flexible, frugal, and inclusive approach to problem solving. The six principles of jugaad innovation are seeking opportunity in adversity, doing more with less, thinking and acting flexibly, keeping solutions simple, including marginalized groups, and following intuition. Practicing these principles can generate breakthrough growth, especially in complex environments with scarcity and rapid change. Companies can adopt jugaad principles in stages, prioritizing the most strategic ones for their business needs.