Revisiting why India cant fly

Some time back I had lobbed an argument [link] that the lack of innovation is and will be a major impediment in India's blooming. To my surprise, two scholars from Delhi University feel the same way.

Here [link] is an article in the EPW about the lack of innovation in India's IT industry. Quoting from the abstract: "..there has been a systemic failure to promote the emergence of networks of innovation. This, in turn, has impeded the innovation performance of the IT industry. There is a need to direct policy to address this systemic failure and bring in industry-wide innovation."

The researchers have studied a few big IT companies and come to the conclusion that systems of innovation are weak. They dont, however, go as far as speculating what the long-term effects of this weakness can be. Anyone?