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Tuesday, 1 February 2022

Translation (English-Hindi) Exercise – 48

 Translation (English-Hindi) Exercise – 48

 With all this happening at such an incredible pace worldwide, what is it that we see missing in India today? May be a holistic innovation ecosystem which allows the cognitive capacity of our ever-growing workforce to express themselves as innovators and job creators. With over 1.35 billion people, close to a million schools, around 10,500 engineering establishments and a similar number of business schools, we need to ensure that the future generations are enabled and are able to realise their true potential and get opportunity to express and innovate. We need to address issues such as the need to update curricula as per the growing industry requirements, communication skills and techniques to improve technical writing. We should also focus on institutional strategies to increase the visibility of research conducted by scientists and financing of entrepreneurial activities; to promote and create incentives for commercializing innovations which are worthy and promote talent which aims at socio-economic improvement of the society at large. The Indian government has actively identified the policy gaps that exist in the industrial and innovation ecosystem and is implementing appropriate reforms to address and accelerate the growth of the ecosystem. The efforts can be seen bearing fruits as we see improvement in the Ease of Doing Business rankings. There have also been numerous Productivity Linked Incentives (PLI) schemes which have been rolled out in the last 18 months to provide acceleration to the manufacturing sector. All these and many more positive steps are being taken to ensure a leapfrog development of the Indian ecosystem.

 

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