By Patrick Kilbride …
So where is this new commitment to domestic innovation leading? Last month, on a panel at the Observer Research Foundation’s 2018 Raisina Dialogue, I told India’s minister of commerce and industry Suresh Prabhu and US ambassador to India Kenneth Juster that just as the US drove the world economy in the decades following World War 2, and China has assumed that leadership mantle in recent decades, India, in turn, would be the next great engine of global growth. Quick on his feet, Prabhu responded that perhaps it already was. Time will tell.
What we know for certain is that today, global economic leadership can not only be found in commodities, or in import substitution, or through reliance on an export-led manufacturing base. Innovation is the coin of the realm in the modern knowledge economy. Rest