By Asit K. Biswas and Kris Hartley
March 30, 2015
“Everyone under 18 has only one guru, Google guru,”said Indian Prime Minister Narendra Modi at a Nasscom event in early March. He insisted that India’s IT industry, where innovation plays a critical role, is successful because government is “not there anywhere.” By implying that state participation stifles industry growth, this widespread sentiment belittles industrial planning and the promotion of particular sectors or corporate champions. Does Modi’s statement about the absence of government support India’s commitment to R&D and innovative capacity? Innovation is a driver of national competitive advantage, and ultimately the individual is the primary source of innovation. Therefore, connecting human development and government intervention becomes a crucial task in supporting growth strategies.
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