Page 94 - Edelweiss India Conference 2022 FLIPBOOK
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THE NEW EDGE
India’s innovation engine
is fed not only by its robust
educational systems, but
its mindset, which has over India’s human pool is innovation-led, not just labour-
time known to thrive in oriented
scarcity.
There are some really bright spots though. India’s vast human capital pool — in particular
the unending supply of engineering and medical graduates – underpins its huge ecosystem
for startups—third largest globally with over 59,000 DPIIT-recognised startups across 634
districts (November 2021). And India ranks second on Innovation Quality with top positions
middle-income economies.
India’s innovation More importantly, innovation in India is not just limited to certain sectors. India has
engine is fed not recognised startups in 55 diverse industrial sectors with 14% in IT services, 9% in healthcare
& life sciences, 7% in education, 5% in professional and commercial services, 4% in food &
only by its robust beverages, and 4% in agriculture, as per government data.
educational systems,
but its mindset, which Curiously, India’s innovation engine is fed not only by its robust educational systems, but
has over time known to its mindset, which has over time known to thrive in scarcity. This idiosyncratic mindset
thrive in scarcity of a nation that synthesises deep thought, scarce capital, superior university education,
consumers — lends the innovation engine a durable edge. That teeming entrepreneurial
long.
How has employability changed over the years? 2015 - 2021
47.3% 46.2%
45.6% 45.9%
40.4%
37.2% 38.1%
2015 2016 2017 2018 2019 2020 2021
IT and Digitalisation: Leading the way for skilled
employment
The global and Indian IT/ITES sector has leapfrogged in its growth journey by several years
were considered a few years out in the future, are here today.
92 Edelweiss Securities Limited
