Bangalore: Are we still copying the West? Aren't we grown up to be called as innovators rather than imitators? This remains to be a hot topic of discussion as many feel that innovations in India are not a very rare activity rather they often go unrecognized while others argue that the habit of imitating the West still haunts India and this will block the Indian minds to venture into real innovative activities.
India is fast growing to a phase where it's already termed as a global innovator for high-tech products and services; however, the innovative potential of the country is largely relatively underperformed. According to the marketing advisory firm Zennov, there has been an 11 percent increase in creating Intellectual Property in India. Indian researchers and companies have been filing 36,000 patents annually. However, the study reveals that India is trailing behind China files around 4,00,000 annual patents which is a clear sign that our immediate neighbor is far ahead of us in innovations despite the fact that large number of patent holders and applicants globally are Indians.
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