MC26 What is the impact of a lack of innovation on the Indian economy?
A. Reduced economic growth
B. Reduced competitiveness
C. Reduced investment
D. All of the above
Answer:D
MC26 What is the impact of a lack of innovation on the Indian economy?
A. Reduced economic growth B. Reduced competitiveness C. Reduced investment D. All of the above
Explanation: A lack of innovation can have a range of impacts on the Indian economy. When innovation is lacking, it can reduce economic growth, as businesses may be unable to develop new products and services. Additionally, a lack of innovation can reduce competitiveness, as businesses may be unable to compete effectively with companies from other countries. Finally, a lack of innovation can reduce investment, as investors may be hesitant to invest in an economy where the potential for growth is limited by a lack of innovation.