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At a glance: opportunities in India

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“One of India’s greatest strengths is that there is no dearth of problems. There is genuine opportunity for the private sector to scale up, for people to create businesses.”

Innovation is a government priority

Prime Minister Singh declared 2010-2020 as the ‘decade of innovation’ and flagship programmes like ‘Startup India’, ‘Make in India’, ‘Digital India’, ‘Skill India’ are being implemented by current Prime Minister Modi.

Stable support system to enhance knowledge building

There has been an increased emphasis on developing knowledge through the formation of strategic partnerships, increasing tech imports, and building stronger regional and international relationships.

Increases in funding for innovation

This is true for both the public and private sector, with a huge emphasis placed on startups; year on year, startups are receiving over 100% more funding (but it should be noted there is a decline in seed funding). This combined with efforts to increase knowledge are helping to grow one of the largest startup ecosystems in the world.

An economy primed for innovation

India’s economy is currently stable, with low inflation, and a conducive environment for business.

Large, young aspirational population

With a population of 1.3 billion, India has the world’s largest young population but faces the danger of not harnessing this potential.

Authors

Juan Casasbuenas

Juan Casasbuenas

Juan Casasbuenas

Curriculum and Content Manager

Juan is a Curriculum and Content Manager supporting the Digital Frontrunners and Global Innovation Policy Accelerator programmes.

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Nathan Kably

Nathan Kably

Nathan Kably

Assistant Programme Manager, International Innovation

Nathan is Assistant Programme Manager for the Global Innovation Policy Accelerator

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Anna Schlimm

Anna Schlimm

Anna Schlimm

Learning Experience Designer, Global Innovation Policy Accelerator

Anna is a Learning Experience Designer for the Global Innovation Policy Accelerator.

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Paulina Gonzalez-Ortega

Paulina Gonzalez-Ortega

Paulina Gonzalez-Ortega

Design Lead, International Innovation

Paulina is the Design Lead for the Global Innovation Policy Accelerator, a 14 country collaborative development programme for senior innovation policymakers.

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Florence Engasser

Florence Engasser

Florence Engasser

Senior Researcher, International Innovation

Florence is a senior researcher within Nesta’s International Innovation team, which examines global trends and practices in innovation, with an emphasis on emerging economies.

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