TECHBLITZ4U

"Jugaads to Innovation"
           - India needs to move beyond "Local Jugaads"...
Source: Newsflicks and Economictimes

Jugaads???

        Jugaad is a colloquial Hindi or Punjabi word that can mean an innovative fix or s simple work-around, used for solutions that bend rules or a resource that can be used as such, or a person who can solve a complicated issue.

U can get some idea about Jugaads from the video linked here:

Local "Jugaads"

(u can view these kinds of video in youtube by typing " Indian Jugaads"

Now let us talk about Innovation in India

       Innovation is firmly recognized as a central driver for economic growth and development. Global Innovation Index aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity and job growth. GII is calculated based on the average of the 2 sub-indices.

Input Sub-index:

• Institutions
• Human capital and research
• Infrastructure
• Market sophistication
• Business sophistication

Output sub-index:

• Knowledge and technological output
• Creative output
• and GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development. 

         "India's ranking has slipped further to 81/141 in the list, compared to 76 in 2014, but it remained at the top of the regional ranking of central and Southern Asia".

Top 10 Innovative countries: 

Source: globalinnovationindex.org

Causes for low ranking:

• Low investment in R & D
• No Indian university in top 100
• No awareness about research and innovation
• People are ready to use outsider's innovations
• Low Patents :( 

Observation from the GII report:

        The index shows the new ways through which emerging-economy policy makers can boost innovation and spur growth by building on local strengths and ensuring the development of a sound national innovation environment. 

    Finally, GDP has to be improved by encouraging innovations, patents and investments in the R&D field for the smooth economy drive and it is the right time to move beyond jugaads. Hope the upcoming Start-up India will boost our Indian economy :)