The Black Box: Innovation and Public Policy in India by Rakesh Basant
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- Author: Rakesh Basant
- Format: Hardcover
- Language: English
- Genre: Business, Public Policy, Innovation
- Publisher: Penguin Random House India
- Publication Date: 23 August 2021
- Pages: 224
- Series: IIMA Business Series
Description
The Black Box: Innovation and Public Policy in India by Rakesh Basant, a professor at IIM Ahmedabad, offers a comprehensive analysis of how various public policies influence innovation in India. The book posits that all policies affecting technology-related decisions of firms should be considered part of innovation policy. It examines the impact of policies related to industry, trade, R&D, foreign direct investment, intellectual property rights, start-ups, and higher education on innovation. By integrating insights from economics and management, Basant highlights the complexity of policy choices and underscores the need for consistency across various policy instruments to foster an environment conducive to innovation in India.