Siliconindia Magazine

Cover Story

Spotlight: Lauding Innovation Driven Growth

India has been able to significantly increase its capacities to achieve self-sufficiency from an industrial point of view. He says with the introduction of the liberal economic policies from 1991 onwards, the Indian economy is in much better health than before. Problems such as License Raj are no more, and new domains of business are opening on a regular basis. This is especially true of infrastructure sector, as well as other areas that were previously the sole preserve of the government. Indian industrial sector has been forced to restructure itself and thus has become significantly modern than before. There is more focus on reducing costs of production and achieving the levels of technological competence that can help one stay globally relevant and deal with cut-throat competition.