When I query my business friends, they promptly reply that innovation is essential to help them differentiate their products or services from those of their competitors. When I query my friends involved in state- or national-level policy making, their prompt reply is that innovation is central to creating industries that drive economic growth and thus create jobs and grow gross domestic product (GDP). And come to think of it, the term "GDP", which in my college days was perceived by all of us as something that only academics chant about, in today's world appears to be as important even to the non-professional as India winning the world one-day cricket championship, or having an Indian girl being crowned as Miss World.
This story is from the October 07, 2024 edition of Business Standard.
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This story is from the October 07, 2024 edition of Business Standard.
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