India needs to focus on innovations: Tata Sons chairman

According to the World Bank, in 2014, India's gross spending on R&D was 0.63% of its GDP

Tata Sons Chairman Natarajan Chandrasekaran on Tuesday said India needed to focus on innovations. 

He emphasised on believing “in the power of aspiration” if individuals and the society wanted to achieve “extraordinary things”, during his speech at the AIMA-JRD Tata Corporate Leadership Award in Delhi.

Chandrasekaran, who received the 2016 edition of the award for his contribution to the corporate world, expressed hope that India would witness high economic growth in coming years. “We have the best talent and demographics. We are in the best of times. We are going to have one or two decades of exceptional economic growth,” he said.

His