South Korea became rich because it made govt help for corporate houses conditional on big bucks being spent on R&D. Until GOI & India Inc fund research, India can’t create the innovation ecosystem essential for sustained development
If every trick in the book is recommended but the most obvious, then it’s clearly from a govt manual. To get our economy to top speed, we have gone from encouraging vocational training, to handholding MSMEs, to export promotional policies, to the Production Linked Incentive schemes (PLIs), but have missed out on the obvious, namely, Research and Development (R&D).