Innovation in India

by Brooke Carey on December 9, 2009

Interesting article in today’s New York Times about how, despite the popularity of outsourced jobs there, many in India worry that the country is still behind other large nations in innovation. As the Times says:

Even as the rest of the world has come to admire, envy and fear India’s outsourcing business and its technological prowess, many Indians are disappointed that the country has not quickly moved up to more ambitious and lucrative work from answering phones or writing software. Why, they worry, hasn’t India produced a Google or an Apple?

India’s advantage in the global marketplace seems to be its large population, and therefore its labor potential. But its risk-averse financial system along with a culture that looks down on unconventional career decisions, has kept it from catching up to the rest of the world in new ideas.

The New York Times: In India, Anxiety over the Slow Pace of Innovation

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