Frugal Innovation: A Systematic Literature Review

Abstract

The objective of this study is to explore the frugal innovation phenomenon. The study reveals that scholars affiliated in Indian institutes have played a key role in this discipline. Country wise, the highest number of frugal innovation cases is from India. The articles on frugal innovation have published in a wide range of disciplines and journals. Scholars, practitioners, and policy makers have understood frugal innovation concept in various ways. Studies are predominantly in sectors, such as healthcare, electric and electronics, transport, finance, ICT, and energy. On the contrary, despite high importance, agriculture and education sectors have received limited attention. Based on the findings, this study presents implications and future research avenues.

Keywords: Frugal innovation; reverse innovation; affordability; low cost