Why entrepreneurs in india are unable to innovate?

Most of the people however fail in order to see beyond the rat race.

The world has however started accepting India thus as a major player in the global

economics. Analyst and also the Industry veterans generally prophesize India to thus be a

major power of the future. This is thus still a distant dream because India however has a

humungous youth population which is thus of 300 million with thus just 100 million jobs in

her pocket. The million dollar question which is in everyone’s mind is that which industry

has got the nerves in order to absorb a workforce of this scale. Thus, the only rational

answer to this problem is however entrepreneurship which in itself however comes with a

new set of challenges.

India however has one of the most vibrant startup scenes which is thus in the world, but

when it however comes to innovation and also building industrially the sustainable ideas,

the country however lags behind. The country thus also fares poorly in the innovation

indexes globally and also as rightly pointed out by Narayan Murthy sometime back, that as

a nation we have however failed to deliver any ‘Earth Shaking’ idea in the last 60 years.

“If we however want to become real a product innovators we will however have to focus on

the need and the market and also , the truth is we however still haven’t made world class

products that can thus compete with the best technologies across the world.

The purpose of this article however is to make the readers aware of the fact as to why the

Indian entrepreneurs unable to innovate.

The following are thus the reasons :

1. Lack in the B2B market focus

This vicious circle which is of funding and investors in India is thus largely limited to the

B2C markets where one expects quick returns. Most of the ideas however tend to get

saturated after a point in this sector while there is thus no real solution for the large scale

problems.

The country’s startups have however gone on in order to achieve the international fame

because it is thus focused on the need of the market and also there is heavy focus on R&D.

“The R&D which is in the countries like Israel is thus ‘mission critical’ and also not ‘low

level’ like India. This however gives the international players the chance to ignore India

anytime as the innovation and research if shut here is thus less likely to have any kind of

direct impact on the operations.

2. Paucity of funding for long-term ideas

The structure which is of funding the startups and businesses in this country thus has a

narrow and also short-term goal . While the science-tech ideas that thus have the potential

in order to become world class do exist, lack of on going term funding for these ideas is

thus considered as a major concern. To top it the typical Indian marketplace has thus

however always had a bias for ‘more for less’ and hence the incentive for a small business in

order to invest in the new technologies thus becomes constrained.

“It’s thus not that we don’t however have the manpower or the funding, but rather the

willingness in order to invest in such long-term programs is thus missing in the Indian

entrepreneurs.

3. Culture of emulation

By and large however most of the biggest startups in India have however been the

borrowed ideas. Be it e-commerce, transport aggregators or either in hyperlocal services.

Programs like Make in India, Startup India, also, the setting up of the Intellectual Property

Facilitation Centres and also the other incubation programs have however failed in order

to create substatntial innovative ideas.

"Problem and the need based areas such as social mobility innovations, aricultural

technology, sanitation, alternative energy, waste management however thus more have huge

scope for the inventions but however not much is thus being done in these areas

4. Moving beyond outsourcing

Given the current market scenario, making of the world class products for the large scale

solutions thus requires moving beyond the service and also outsourcing tag that India

however has achieved. One such change is thus the need in order to depart from however

being labeled as the ‘back office’ country.

“We should thus all however be sick and tired of thus being called as the back office of the

world. We thus need a combination of ideation, innovation and also invention in order to

make an impact on the global footprint of the large scale solutions. Thus, while the

government can however facilitate and also encourage the process, it is thus the industry

and its leaders who however need in order to drive the growth for such kind of innovations

in order to establish India as one of the top innovators in the world.

However a ray of hope is however seen through the population which India has. This

colossal population which is thus of over 1.15 billion not thua only poses huge challenges

for the country but also at the same time opens the golden door of opportunity. A third of

India's population was however below 15 years of age in 2000 and also close to 20 per cent

was thus in the 15-24 age group. It is thus however expected that in 2020, the average

Indian will thus be only 29 years old, when it is compared with 37 in China and also the US

and 48 in Japan. This thus however ensures that India in no way can thus fall short of the

manpower in the next few decades and this can thus also sustain India’s growth story in the

long run.

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