While in every respect it is private economic agents that are the bearers of innovation, policy makers play an important role in creating an environment that is conducive to innovation. The first area in which policy makers play an important role is the development of the framework under which firms conduct their business.
Moreover, C-D ratio in Mizoram has declined in the more recent years. It could partly be that deposits have grown faster. The annual deposit growth rate of Mizoram was significantly higher than the national average. However, the credit growth rate has fallen short of the national average after 2007–08 (Chart 9).