National innovation system of India: genesis and key performance indicators

Abstract

The article discusses the formation of the India’s national innovation system (NIS), which passes through the phases of protectionism, liberalism and duality. Special attention is paid to the peculiarities of the India’s innovation system based on efficiency indicators, such as gross domestic expenditures on research and development, exports of high-tech products, as well as foreign direct investment in high technology sector. The paper notes that India is one of the most attractive countries for investing in the innovation sector. The author also highlights the negative aspects of NIS development in India, such as imbalances in income and wages, low literacy and high levels of poverty, uneven inflow of foreign investment in different regions, lack of innovation culture in manufactured products, etc. The article especially notes that India after the start of the process of economic liberalization has grown economically in terms of GDP, exports, employment, investment, the inflow of foreign technology and investment, the ICT industry, and the internationalization of investment in research and development sphere.