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Innovations to drive economy in developing countries

time innovations inventions india delhi

When we speak of innovations, one question arises in our mind, what does this term ‘innovation’ means? Is it too broad to describe? Is it a taboo?

Innovation is nothing but developing a new thing or increasing the usability of previous ones. It is certainly not a ‘rocket science’ . It can be as simple as inventing a  safety pin.

When we talk of development and the developed countries then we see a vast concentration of discoveries and inventions.  No doubt development in the field of science and technology have fuelled their economic growth.

Hence , the same applies to the developing countries.

When we talk of developing nations like India, China, South Africa we find  immense manpower waiting to be harnessed and capitalized. Even a small impetus can drive the people of these economies, considering that Indians and Africans are everywhere in west, we cannot doubt on what can be done in these countries.

Starting from 2000 BC, when most part of the world was still nomad, need not to mention the Indus Valley Civilization which prospered in India. And even today we owe many simple inventions to them ranging from farming, buttons, ink and many more innovations in the field of medicine.

Now, shifting our focus to Modern India. When  entire world became mobile on tablet devices then we invented a cheap tablet known as Aakash to bridge the gap between the rich and poor who can use these devices. No need to mention other innovations which originated in Rural India like organic farming etc.

When we see African continent, there we find even more interesting innovations by the aboriginals because they use locally available products to solve a problem which results in an interesting innovations like the TUTU van , orange sweet potato etc.

Talking about the economic aspects of these innovations and inventions, According to estimates by World Bank and other private firms, these innovations can produce an annual GDP output of more than $50Bn. Big enough to eradicate the poverty and hunger problems of these countries. Combined with the available natural resources in these countries, the prospect is immense.

The need is the free flow of available knowledge and instruments so that these innovations can reach the masses globally and become affordable.

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