Arun Muthirulan, 29 March 2009
A report recently produced by The Boston Consulting Group (BCG), ranks India 46th in the world for Innovation leadership in manufacturing. Singapore tops the list, followed by South Korea and Switzerland, with the United States ranked 8th. To effectively address the challenges of intensifying competition, limited skilled manpower, limited commercialisation expertise and low private sector spending on R&D, India must focus on innovation to become a global leader in advanced engineering and manufacturing.