The Government as an Actor in Innovation: How the Indian Government Stimulates Innovation

Abstract

The paper is a study of innovation in India, but the emphasis is on one of the most important actors of innovation, i.e. the government. Today, innovation has become a household name for both public and private entities. Whether it is product or service, we all want a cost effective solution, i.e., high quality at low cost, that’s what innovation is all about. But, how this innovation happens and who organizes it and what are the policy measures – behind all these, the government as an actor of innovation plays a vital role. This paper attempts to study of the role of government and it is on the study of the Indian government. The objective of this paper is to find a better view on the role of government in stimulating innovation in India.