The Scenario of Economic Innovations in India : An Idea for Inventor

The Globalization, Liberalization and Privatization of India’s economy have provided fuel for the development and growth in the country. The close interaction of India’s economy with the global economy has created enormous opportunities and challenges for the business sector. India is emerging as a market leader amongst the comity of nations as it has all the prerequisites such as industrial base, excellent human resources and consistent industrial and economic growth. Innovations may not always guarantee success. However, it is one of the essential tools every entrepreneur can have. With the tough competition going on among industries today, knowing the basics of running a venture can get an individual to places. Aside from that, Innovation can enhance economic benefits and improve one’s skill in running a business properly to achieve success. Creative innovations have been a constant in development and improvement of any economy. India has a TRIPS consistent, hearty, impartial and dynamic IPR system. The assertion of National IPR Policy underlines the role of IPRs as an attractive monetary resource and financial aid. The revolution of IT has given rise to e- commerce, e-marketing, e-banking and so on. All these provide an impulsion to the modern organizations for restructuring and reengineering their operations to tap the benefits of technological advancement. In this view, the present book is a valuable contribution to the existing scenario and it would be more beneficial for academicians, researchers, students, corporate and other stakeholders to think in an innovative way, to practice new modern management techniques and to assess the present trends in the economy