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Poverty Eradication & Development Through Innovations
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In the global market economy, the ability of nations to create, absorb, and commercialize innovations determines their competitiveness. Innovation is closely linked to the creation of wealth in a modern knowledge economy. Value addition to raw materials in India through applications of technology has remained low compared to other nations, such as Israel, Finland, Japan, and South Korea. Increased labor productivity, through technology changes and innovations is the main route in the creation of additional wealth for enterprises and better wages for employees. Since India's independence, the country has endeavored to bring economic and social change through science and technology, transforming India into a modern industrialized society. There is a vast untapped potential in India for wealth creation by increasing the levels of innovation content in the economic development activities of the country. It is a tall order, but an essential one, if the current levels of growth are to be mai
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