The GII’s comprehensive metrics highlight a range of dimensions in which India has room for improvement. The usual constraints – infrastructure, regulation, and market functionality – continue to hamstring growth. However, improvement in India’s innovation is unlikely unless there are significant cultural and institutional changes, including attitudes towards experimentation, risk-taking, and possible failures.
http://thediplomat.com/2015/03/india-and-the-culture-of-innovation/
“India and the Culture of Innovation.” The Diplomat, 30 Mar 2015, with Asit K. Biswas.
NUS news page:
http://lkyspp.nus.edu.sg/news/india-and-the-culture-of-innovation/