Nirmala Sitharaman urged Indian industry to elevate its ambition from “Made in India” to “Imagined in India,” emphasizing the need for innovation. The editorial board stresses that India must go beyond manufacturing to conceiving, designing, and developing products globally. While India has progressed in manufacturing, it captures only a thin slice of value. To become a powerhouse, India needs an ecosystem for intellectual property and to transition from a technology adopter to a developer. This demands doubling down on new ideas, as the current innovation record is unimpressive, crucial for maximizing global value generation and faster progress.