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Indian companies have an innovation problem

Finshots Daily

The Importance of Innovation for Economic Growth and the Need to Increase R&D Spending

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This chapter explores the correlation between innovation and GDP per capita, using a report from Nithi Ayog that emphasizes the role of R&D. It analyzes India's per capita GDP compared to China's and proposes solutions to boost innovation, including incentivizing research and strengthening intellectual property rights.

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