Innovation in India

[qesehmk]

gcq - the fact they didn't adopt the other business model is what I am calling shameful. Even more so considering the fact that unlike microsoft and googles - Indian IT companies always get first claim on the best talent in India. In US microsoft and google are second choice of the top talent. The first choice is always wall street.

They are 2 different business models.

[gcq]

gcq - the fact they didn't adopt the other business model is what I am calling shameful. Even more so considering the fact that unlike microsoft and googles - Indian IT companies always get first claim on the best talent in India. In US microsoft and google are second choice of the top talent. The first choice is always wall street.
India cannot be compared to US. Talent is one of the factors, but environment is another. India doesn't have the business friendly or innovation friendly environment. How many venture capitals are there in India compared to US ? How business friendly is India ? We are still a mob driven country. That is the reason many Indians excel only after coming to US. In US, businesses have even created laws that make it illegal to boycott a company. US has the ability to filter in only whom it needs from all over the world. India is working with its native population. People from other countries are not dying to come to India. So we are at a disadvantage when it comes to attracting immigrants. Considering all this, given its situations, Indians are doing good.

shouldn't many of us call ourselves shameful as 99% of us are doing just mundane/routine jobs. We aren't that different from these shameful companies. Not everyone working at Google or Microsoft are smart either. There are lot of ordinary jobs in these so called tech giants. There may be a miniscule percentage of these workers who are doing "cutting edge" jobs.

Like you I want to see India equal or excel in terms of innovation, wealth etc. However there are several factors contributing to it.

[qesehmk]

Reasons galore - some legitimate and others not so. But it indeed is shameful for a country with 1B people to have these IT companies only act as outsourcing companies. And of course shame is on all of us since we too are part of the whole right? No doubt about that.

I have a project in mind to foster innovation in India at school level. I wonder if through this forum we could do it. Instead of donating the advertising revenue from this forum to various organization - we can use it towards such a project. Just a thought ....


India cannot be compared to US. Talent is one of the factors, but environment is another. India doesn't have the business friendly or innovation friendly environment. How many venture capitals are there in India compared to US ? How business friendly is India ? We are still a mob driven country. That is the reason many Indians excel only after coming to US. In US, businesses have even created laws that make it illegal to boycott a company. US has the ability to filter in only whom it needs from all over the world. India is working with its native population. People from other countries are not dying to come to India. So we are at a disadvantage when it comes to attracting immigrants. Considering all this, given its situations, Indians are doing good.

shouldn't many of us call ourselves shameful as 99% of us are doing just mundane/routine jobs. We aren't that different from these shameful companies. Not everyone working at Google or Microsoft are smart either. There are lot of ordinary jobs in these so called tech giants. There may be a miniscule percentage of these workers who are doing "cutting edge" jobs.

Like you I want to see India equal or excel in terms of innovation, wealth etc. However there are several factors contributing to it.

[gcq]

Reasons galore - some legitimate and others not so. But it indeed is shameful for a country with 1B people to have these IT companies only act as outsourcing companies. And of course shame is on all of us since we too are part of the whole right? No doubt about that.

I have a project in mind to foster innovation in India at school level. I wonder if through this forum we could do it. Instead of donating the advertising revenue from this forum to various organization - we can use it towards such a project. Just a thought ....
A great idea. That is what we should be doing. In that respect Chinese are a model to us. They give back to their home country. I am willing do my part for this initiative.

[qesehmk]

Sounds great gcq! I will take this discussion to a separate thread and see if there are others who could be interested.
A great idea. That is what we should be doing. In that respect Chinese are a model to us. They give back to their home country. I am willing do my part for this initiative.

[bvsamrat]

With due respect I disagree with most.

Myself and most of the known friends of mine are able to get education without spending a single rupee.
I remember getting a merit scholarship which actually funded my very meager college fees.

Compared to that in USA it would be next to impossible to get similar level of education without life time loans

Same goes with health and other expenses

Business wise most of Indian IT companies and other Indian companies are started by Individuals with minimum capitol and developing markets and good support from all around.

Agreed given amount of population, there are issues, but Industry growth rate is always higher than USA

About Indians giving back to India, I believe that the another reason of recent growth in India is due to NRI's giving back and the dollar revenue figures would be astonishing.

Immigration wise, the net migration to India from other countries is very much higher than net migration to USA. In fact this had been a problem in Mumbai/Chennai

Coming back to Indian IT companies, their business model is human capitol and not development like Google or Microsoft and they would never aspire to be one.

When asked long time back, Nehru once commented about rise in population, if properly used this would be asset as human capital and that is what happening.

Now some disappointing facts, these Consulting companies are inserting people considering them as human capital as such and treat them as such who have nothing but mundane jobs, but mind it well paying compared to local other job categories.

But this is the demand right now and the supply will always will have to match, unless some other motivating forces come into play.

Sorry Q I did not want to hijack this thread. My idea is to promote innovation would also require to have some reverse tie ups not just bring human capital, but ideas and products.

,






India cannot be compared to US. Talent is one of the factors, but environment is another. India doesn't have the business friendly or innovation friendly environment. How many venture capitals are there in India compared to US ? How business friendly is India ? We are still a mob driven country. That is the reason many Indians excel only after coming to US. In US, businesses have even created laws that make it illegal to boycott a company. US has the ability to filter in only whom it needs from all over the world. India is working with its native population. People from other countries are not dying to come to India. So we are at a disadvantage when it comes to attracting immigrants. Considering all this, given its situations, Indians are doing good.

shouldn't many of us call ourselves shameful as 99% of us are doing just mundane/routine jobs. We aren't that different from these shameful companies. Not everyone working at Google or Microsoft are smart either. There are lot of ordinary jobs in these so called tech giants. There may be a miniscule percentage of these workers who are doing "cutting edge" jobs.

Like you I want to see India equal or excel in terms of innovation, wealth etc. However there are several factors contributing to it.

[gcq]

With due respect I disagree with most.

Myself and most of the known friends of mine are able to get education without spending a single rupee.
I remember getting a merit scholarship which actually funded my very meager college fees.

Compared to that in USA it would be next to impossible to get similar level of education without life time loans

Same goes with health and other expenses

Business wise most of Indian IT companies and other Indian companies are started by Individuals with minimum capitol and developing markets and good support from all around.

Agreed given amount of population, there are issues, but Industry growth rate is always higher than USA

About Indians giving back to India, I believe that the another reason of recent growth in India is due to NRI's giving back and the dollar revenue figures would be astonishing.

Immigration wise, the net migration to India from other countries is very much higher than net migration to USA. In fact this had been a problem in Mumbai/Chennai

Coming back to Indian IT companies, their business model is human capitol and not development like Google or Microsoft and they would never aspire to be one.

When asked long time back, Nehru once commented about rise in population, if properly used this would be asset as human capitol and that is what happening.
I think you missed the point totally. When talking about business friendliness, it is not about how affordable education is to you, it is about how friendly it is to start business and grow it. In major indian cities( I know bombay for sure) cannot run any kind of business without paying "hafta" to goons.

Giving back doesn't mean dollar remittance to India. That is done because of our need. Is india one of the leading nations in terms of innovation, military strength and finance ? No. Is there basic law and order in the country ? No. In US if you have a cell phone you are pretty much safe. In most places cops arrive in a few minutes. What about in India ? Cops will arrive for post martem and probably will harass bystanders for their incapability. List goes on.

Money is not the yardstick of progress especially when it comes from exporting manpower. Is India >= USA ? That is the standard we need to live up to.

[qesehmk]

..When asked long time back, Nehru once commented about rise in population, if properly used this would be asset as human capital and that is what happening.

..Sorry Q I did not want to hijack this thread. My idea is to promote innovation would also require to have some reverse tie ups not just bring human capital, but ideas and products.

,
bvsamrat - thanks for your thoughts. I think all good options should be explored and we can do our own small contribution with collective mind will and efforts.

Agree that it's not just money. In fact money is only incidental in my opinion.

Just would like to point out that in Nehru's quote above "If Properly Used" is a BIG if !!!!!!!

Anyway ... but coming back to the topic ... in what small way we could contribute to fostering innovation in India?

[gcq]

One of the ways to encourage innovation is to institute some form of competition where innovative ideas/original thinking are rewarded with enough money to change one's life.

It could be modeled after "Who wants to be a millionaire" with candidates being rewarded for their innovation as against answering general knowledge questions.