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Navi Radjou
Vice President, Principal Analyst
Forrester Research
After ceding its crown as a global economic giant…
900
800
GDP index (PPP$)
700
600
500
400
300
200
100
0
1500 1600 1700 1820 1870 1913 1998
(Russia = 100)
Source: Deepak Lal, In Praise of Empires: Globalization and Order, Palgrave
Macmillan, 2004
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…India is attempting to regain it
80000
70000 US GDP
China GDP
60000
Billions of US$
India GDP
50000 India GDP + China GDP
40000
30000
20000
10000
0
2000 2010 2020 2030 2040 2050
Source: www.isro.org
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India’s world-class transformation capabilities
Source: http://www.washingtonpost.com/wp-dyn/content/
article/2008/06/25/AR2008062500566.html?hpid=entnews
Source: http://akgoyal.com/wp-content/uploads/2007/09/india-wins-t20-world-cup.jpg
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India’s world-class innovation brokering capabilities
Source: www.regalhotel.com
Source: www.jobsletter.org.nz
Source: http://upload.wikimedia.org/wikipedia/commons/
thumb/f/ff/EdictsOfAshoka.jpg/455px-EdictsOfAshoka.jpg
Source: cache.eb.com/eb/image?id=74050
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Theme
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Agenda
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Agenda
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The myth . . .
Source: images.barnesandnoble.com/images/
14910000/14910017.JPG
Source: http://www.people.hbs.edu/tkhanna/Khanna.jpg
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The reality . . .
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The reality . . .
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Case in point: Nano
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Agenda
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Tata Motors’ Innovation Network
R&D cranked out 40 patents for Nano design
(2007)
Inventor
S Financier
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Source:Tata Motors (http://www.tatapeoplescar.com/)
India’s first truly multinational R&D firm: Suzlon
Source: www.suzlon.de
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India’s national R&D labs now broker global
connections
CSIR
http://www.csir.res.in/
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Agenda
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At L&T, IT brokers and transforms innovation
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Indian tech leaders don’t invent -- but transform and
broker innovation . . . globally
Hatches a new idea or creates new product, new service, or new
business model
Inventor
S
Facilitates global interactions among Inventors, transformers, and
financiers globally
Broker
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ICICI focuses on replicating innovative best practices
across its global business network
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India is emerging as a global R&D hub
“Top-ranking destination countries by number of
research and development projects”
Source: IBM-Project Location International (IBM-PLI) Global Investment Locations Database (GILD)
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Multinationals expand their R&D presence in India
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Microsoft’s “Unlimited Potential” program drives
social innovation in Indian villages
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Cisco has begun to de-Westernize its organization by
opening its 2nd headquarters in…Bangalore
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Agenda
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We are transitioning to a post-American tech
economy…
• India has fastest IT growth rate compared to other
emerging markets – and the US!
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…characterized by a multipolar tech world order
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Nuclear deal will turbocharge US-India Innovation
Networks
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US-India Innovation Networks will be anchored by
region-to-region, not state-to-state-level, cooperation
http://www.bayeconfor.org/media/files/pdf/InnovationDrivenEconomicDevelopmentModel-final.pdf
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Summary
• Innovation made-in-India must meet the “low-cost/high-
volume” criteria.
• Indian firms — especially Indian IT leaders — are
adept at transforming and brokering innovations on a
worldwide basis.
• US vendors can handsomely profit by serving India’s growing
corporate AND social innovation needs . . .
• Shunning protectionism, US policy-makers (at the regional
level) must learn to broker US-India Innovation Networks
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Check out my blog: Made In India
(http://discussionleader.hbsp.com/radjou/)
Source: (http://discussionleader.hbsp.com/radjou/)
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Thank you
Navi Radjou
nradjou@forrester.com
650.581.3849
www.forrester.com
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Selected bibliography
• Forthcoming research, “Silicon Valley 3.0”
• October 2, 2008, “Microsoft Unleashes India’s Creative
Capitalism”
• September 9, 2008, “ICICI Banks On Global Innovation
Network Success”
• June 6, 2008, “Indian CEOs Seek Continuous Business
Innovation”
• March 6, 2006, “President Bush’s Historic Visit To India
Accelerates US–India Tech Cooperation”
• November 5, 2005, “How India, China Redefine The Tech
World Order”
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