Crisis Triggered Innovations from India
8 Pages Posted: 8 Oct 2020
Date Written: September 29, 2020
Beginning of COVID-19, expectations are rampant on India resorting to compulsory license to protect its large population from virus carnage. Also price controls on drugs and medical devices seemed to work against Indian patients getting proper healthcare based on new technologies. But what happened was different, it seems COVID crisis spurred Indian innovators into action mode with flood of innovations emanating from India. What factors worked as enablers? Is it sustainable? Has India finally discovered mantra for innovation!
Keywords: COVID-19, Innovations, Innovation strategy, Catching-up, Imitation, Health Care, Drugs, Testing, Medical Devices, vaccine
JEL Classification: 030, 031, 032, 033, 034, 035, 038, 039
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