Check out the World Bank's Innovation Policy Platform. Select a country to analyze (other than the...

Check out the World Bank's Innovation Policy Platform. Select a country to analyze (other than the U.S.!). How is their culture of innovation? Does the country have the correct institutions to enable and encourage innovation? What policies have they passed recently to change things?

Expert Solution

The country that I have selected to analyze is India. India has a strong culture of innovation particularly in the field of IT (Information Technology), space science and research, nuclear science, nano technologies etc. The country is a fast growing emerging economy and it is innovation in different fields that is driving the country’s socioeconomic development.

India has the correct institutions to enable and encourage innovation. The Ministry of Science and Technology in India has established institutions like Department of Science and Technology, Department of Scientific and Industrial Research, and the Department of Biotechnology. These institutions support and provide the required momentum to enable and encourage innovation in India.

A recent policy that has been passed is the raising of gross domestic expenditure on research and development (R&D) to 2% of the country’s GDP (gross domestic product). The government of India also recently released a technology roadmap to 2035 for the purpose of identifying 12 high impact technology areas.

jeff jeffy answered 6 months ago

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Check out the World Bank's Innovation Policy Platform. Select a country to analyze (other than the...

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