India can lead the way because it now knows how to develop global solutions that work on a very large scale, especially those that are technology intensive (witness India’s response to Y2K). Interestingly, India still is a chaotic, third world country, so it understands the need to adapt First World solutions to the chaotic environment of the Third World.
Mark Fidelman at Seeking Alpha lays out the framework for boosting India’s innovation system [warning: long post]. He appeals to the Indian government to lay the groundwork for improving infrastructural capability for ensuring long term economic growth. This is vital especially as other developing nations catch up to India just as we did few years ago [hat tip: Faisal].
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