India has many available opportunities to jumpstart economic growth, as Brookings reports. Mobile growth in India presents one of the strongest potential sparks for economic improvement.
The perfect combination
As noted in the Brookings article, one of the greatest barriers for economic development in India — particularly in foreign investment — is its lack of coordinated infrastructure. This shortfall, estimated in the trillions, won’t likely disappear overnight.
For this reason, economic growth will likely take a path that requires little existing infrastructure. Fortunately for mobile developers, software fits that bill quite nicely.
If the low barrier of entry wasn’t enough to spur mobile growth in India, the mind-boggling usage rates of mobile devices certainly won’t hurt. India presents a unique opportunity to leverage mobile economies, as users there spend more time on their devices than those in many other countries.
The secret ingredient
It’s clear that India’s important mixture of capital availability, a large market and room for innovation makes the country poised for impressive mobile growth and development. So what’s holding it back? As briefly touched on in the Brookings report, India’s economic design capabilities lack the nuanced cooperation between government, academia and the private sector that hotbeds for innovation such as Silicon Valley enjoy.
This coordinated orchestra of cross-sector cooperation involves many moving parts. India must first stimulate its investment in higher education, which currently includes only 18 percent of the population, Brookings notes.
The report also suggests that the government could pave a much smoother path toward mobile growth by opening up its patent flow. This would encourage more innovation in a system that has currently awarded 4,388 patents, a small number when compared to the 243,986 and 154,485 awarded by the United States and China, respectively.
Overall, the Indian environment is ripe for mobile growth and development. With a few key channels of cooperation and incentive from the sectors involved, India might just find some economic strength from its mobile-wielding population.
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