TagAdvanced Technologies

Why does India struggle to develop its own complex high technology products like fighter aircraft?

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Dr Raghuram Rajan, Chief Economic Adviser to the MoF, GoI, was the chief guest at the IIMB convocation this year. I had the privilege of meeting him briefly before the convocation started. We talked about jugaad, Indian industry’s innovation capabilities, and which companies stand out on the innovation dimension. One question that Dr. Rajan asked was something that I have thought about...