Rakesh Basant in conversation with Mihir Sharma.
What policies should India pursue for fostering innovation? Taking the perspective that all policies that influence technology-related choices of firms should be considered part of innovation policy, The Black Box analyses the impact on innovation of various policies, including those related to industry, trade, R&D, foreign direct investment, intellectual property rights, startups and higher education. It brings together conceptual and empirical literature from diverse intellectual streams to analyse the linkages between innovation and public policy. Combining insights from the disciplines of economics and management, the book highlights the complexity of policy choices, identifies certain focus areas and argues for consistency across various policy instruments to create an appropriate environment for innovation in India.
