There are different economies, some are innovative, productive, consuming or service oriented. India may be rated as best economy as a consuming market and service oriented.

Innovation may be a rare dream for Indian entrepreneurs, because there is no climate for motivating & rewarding business culture here. If we look at the core of this culture, the reason can fall on the lack of entrepreneurs coming out of top rated business and techie schools. IIT’ians  & IIM  never come out of campus with a purpose for creating a culture, rather everyone are ending up with Top MNC’s with a package, that flashes on a news paper headlines. 

The worlds top technology companies have hired such top rated graduates from top Indian Institutions and using their knowledge for creation of inventions and taking ownership of the Patents. i.e. Intellectual Property ownership. This is a bad light for the Indian Business environment and innovation opportunity.

Recently, an experienced patent attorney from USA, Mr.Howard B Miller categorically suggested to the Indian Patent Attorneys & Technology heads that India is in need of creating a culture, that may provide opportunity to new comers for opening up business, finding innovations & inventing patents.

He may have indirectly referenced the American companies, those who are ruling the world with innovative technologies and products. 

Personally, I think about 3 important issues, the Indian business culture should consider.

1) Present Indian entrepreneurs should  create innovation in products, file up intellectual properties by way of inventions and copyrights.(I think the top-most Indian companies not anywhere near to a small technology innovation company from the US or Chinese market, attributable to the lack of innovation, invention, IP system, IP department and intellectual properties assets are not created)

2)  Government of India and Commerce ministry, should provide a climate & promote the habit of patenting the innovation and inventions of every industry as patent right, to leverage the invention and innovation and ripe the full potential in the world market.

3)  The so called, techie brains coming out of IIT’s & IIM’s should setup own companies in India.   Create a culture OF innovation, inventions & environment to more entrepreneuers.

The culture of successful business comes with the environment and culture of innovation and invention and entrepreneurship. Not by becoming educated slave’s.

We are very pride in getting employed with top MNC’s with     

A high profile scholar from USA was there in India on a conference, where many eminent insutrialists and Lawyers were present. A fundamenal question he raised to every other Indian was that, when would the culture of business would develop in India.

We Indians have been talking so much for decades now telling that we are the 

2) The Indian electricity 40 years back and now.

3) Political parties before independence and after indepedance, still bluffing the Indian Citizens.

   Infrastructure, Helath, Safety, Importance of Life, Shelter and Food.