In the current election environment not only politicians but also intellectuals are totally neglecting the topic of innovation. We haven’t yet understood that the culture of innovation has to be developed and nurtured. We should create such policies that would facilitate the growth of innovation.

Economic Growth Facilitates Social Development

In our country you could see many strikes and demonstrations to protect our political, financial and social right. But what we are unable to understand is that in order to protect these rights it is necessary to have financial and economic growth. When a society is financially stable then it can concentrate its resources on solving its social problems.

The political parties talk about great policies to help the voters. They make promises to build better roads, schools and hospitals. But what they fail to inform us is that these policies and services are not free they come at a price. Only through wealth creation we could achieve progressive infrastructure and social development.

Innovation Facilitates Economic Growth

Innovation is the key element when it comes to wealth creation. When we focus more on research of new technologies, then we can create new economic opportunities. U.S. and UK became such great economic power because of the easy availability of useful and innovative technology to the common people. These countries first became financially stable and self sufficient through innovation in technology and economic growth. They got their civil rights after they became a developed economy. This sequence is important. The right technology builds market and these markets then generate money.

Due to a single company like Microsoft U.S. added billions of dollars in their reserves. There are many such companies in U.S. and they all focus primarily on innovation. It is same in Germany. First they innovate and develop a new technology and then they use this technology to create a new product or service. The companies that invest most in innovation make the most profit. The same is true about countries. These are the steps towards economic growth. When we can create public awareness about the importance of innovation then we can facilitate its growth and ultimately grow as an economy.

Failure of India

It cannot be said that Indian society lacks innovation. Many people develop innovative products through their imagination. But their imagination and inventions doesn’t get the media attention or public support. They can’t convert their innovative technology into a commercially manufacturing product. This is the failure of India. When a country doesn’t nurture and appreciate its talent then it cannot grow. The government should create such an environment where the spirit of innovation could be encouraged. This will help India in achieving new heights in the field of science and technology.

Innovation Should be Appreciated

China understood that it cannot compete with U.S. and UK on production alone. That’s why they focus primarily on getting more patents. Innovation could flourish only in society that supports and appreciates it. But our politicians are completely ignorant on this topic. They still ask for votes on the cheap and age old agendas of free electricity, toll free roads and cheap food grains. And the sad thing is that the voters also support these agendas.

Photo source: http://en.wikipedia.org/wiki/Invention

Photo Source: http://en.wikipedia.org/wiki/Emerging_technologies