In fact, some of the key barriers to innovation are the shortage of skills, dull educational curricula and inadequate interaction with public agencies. Correspondingly, within firms, the attention of top management to the importance of innovation is essential.
These survey results confirm the a priori view of rising innovation activity and awareness in India and their growing importance in driving competitiveness and productivity gains in an increasingly competitive economic environment. At the same time, as the results indicate, there is a need to improve the skills of the workforce.