Balanced
India is an inventive country, yet too many innovations die prematurely. Let’s prevent that
India consistently produces innovative products, like the Simputer and Reva electric car, which predate global counterparts. However, these often fail commercially due to insufficient investment, lack of government procurement for untested products, and a general aversion to risky, unproven ventures. The author argues that while India has capital and courage for proven outcomes (e.g., Jio's 4G deployment), it needs to apply these to indigenous innovations. Success requires supportive procurement, patient capital, and the courage to back novel ideas, turning them into market-leading products rather than historical footnotes.
LiveMint · Rahul Matthan · Sep 1, 2026 at 10:30 AM