Dr. Rishikesha Krishnan, Professor of Strategy and Former Director at the Indian Institute of Management Bangalore, delves into his pioneering research, “Innovation in and from India: The Who, Where, What, and When.”

Most Indian firms innovate within the technological frontier, emphasizing cost reduction and frugal innovation to meet local affordability needs. Process and organizational innovations are more common than product or supply chain innovations. Foreign multinationals remain key patent contributors, largely unaffected by weak IP enforcement. A promising trend is the growth of start-ups driving product and business model innovation. Overall, empirical research on innovation in India remains limited compared to China, signaling scope for further study. From a managerial lens, Indian firms excel in incremental and frugal innovations that create value domestically, while foreign firms lead in patent-driven R&D for global markets. The interaction between these forces is now catalyzing a new wave of innovative start-ups in India.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

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