Why Invest in India , Innovation and Creativity

India has now regained its innovative spirit. As a result, creativity can be seen in all walks of life in India. In the post license raj era, Indian companies have discovered the benefits on innovation and creativity. Sectors such as software, computers, microelectronics, automobiles, Aerospace, telecommunications, biotechnology, Medicare, pharmacy, entertainment, construction, heavy engineering and others have greatly benefited by the spirit of Indian innovation.India has a long history of creative thinking and InnovationBarring the dark ages of the British rule, India has always been the hub of innovation, invention and creativity. Creativity in India can be seen in diversity of its languages, classical arts and music, literature, folk arts, construction etc. To highlight the historical fact of Indian creativity consider this: India has five forms of classical dances, two forms of classical music, four major religions of the world originated in India, twenty five languages - kanada and telgu being the most developed languages. ( In these languages, what is written can be exactly spoken - i.e., there are no tones, or silent letters etc.). And that beats any other country in the world. (i.e., no country in the world can boast the same)Unfortunately during the British rule, the very foundations of Indian creativity were disturbed. The traditional education system - the "gurukuala" was destroyed. The ecosystem for innovation was destroyed. And that resulted in the dark age of Indian innovation. Yet the culture of innovation survived and is now coming back with a great force.India has now rebuilt its innovation ecosystemThe culture of innovation comes from the attitude of people and the work environment. On a broader scale, it is dominated by the economy, external environment and the support infrastructure. The policy of the government and freedom are probably the biggest factors that contribute towards this cause.A strong pillar for innovation is capital: Both human and money.One of the earliest acts of the newly independent India was to create the foundation for scientific and engineering education. Over the last sixty years, India has built a strong and a robust educational system - which now graduates millions of students every year.Indian stock market and democracy has taken deep roots in the society. Reliance Industries Limited (RIL) was one of the first companies to use the strength of Indian capital markets and build the world’s largest petroleum refinery. Earlier RIL created the world record by having the largest number of individual shareholders for any single company - a feat unsurpassed by any company till date. Having a strong capital markets is essential for innovation. Suzlon, Dr. Reddy Labs, Ranbaxy, Cipla, Biocon, Barth Forge etc, all have tapped into the strength of Indian stock market to raise the required capital for their business enterprise.Government policy and research assistance in form of large R&D centers, PSU, organizations have created the necessary infrastructure to capitalize on for further innovation. ISRO, BARC, IISc, IITs, CPRI, etc., have become incubation centers for innovation. To highlight the value of Indian research centers consider the mission statement of Society for Innovation and Development (SID) at IISc:"The mission of SID is to enable India's innovations in science and technology by creating a purposeful and effective channel to help and assist industries and business establishments to compete and prosper in the face of global competition, turbulent market conditions and fast moving technologies. SID strives to bring the leading intellectuals of IISc and the fruits of their research and development efforts closer to industries and business establishments in a cordial atmosphere with prosperity of the Nation as the ultimate goal."