What could be a possible way for innovation in India?

India can benefit from fostering more inclusive innovation—by promoting more formal R&D efforts for poor people. Need to have more creative grassroots efforts, and by improving the ability of informal enterprises to exploit existing knowledge. Existing pro-poor initiatives need to be scaled up. Inclusive innovation can play a critical role in lowering the costs of goods and services and in creating income-earning opportunities for poor people.
The National Innovation Foundation has a repository of more than 50,000 grassroots innovations and traditional knowledge practices. And a number of initiatives exist to help the informal sector better absorb knowledge. More favorable matching grant support for pro-poor early-stage technology development could significantly increase collaboration among public R&D entities, universities, non-governmental organizations, national industries, and global networks. Increased support for grassroots innovators could be provided to the National Innovation Foundation to scale up impact. To leverage traditional knowledge into revenue, a policy-oriented intellectual property rights think tank could propose how to implement a cheaper intellectual property regime. Finally, successful technology upgrading programs could be extended to help informal and rural enterprises make better use of existing knowledge.