India and emerging markets' 'innovation paradox': Technology-shy firms

The country will need to create an environment where firms not only see the benefit of investing in innovation but also have the capability to do so

Catching up with the world’s leading economies starts with knowing where you are falling behind. With India seeking to move up the ladder to high middle-income status, and to create more jobs through the Make in India campaign, enhancing productivity will be critical. 

The question is: How can developing economies catch up with the leaders in terms of productivity, and what role can the adoption of technology play in this process?

Surprisingly, despite the vast potential of technology to spur economic growth, global surveys suggest that developing-country businesses do far less than expected to adopt advanced-country techniques to upgrade products,