What in Innovation? “Innovation & its requirement for India’s future”, your thoughts

“Innovation  and its requirement for India’s future” at the “GLOBAL ENTREPRENEURSHIP SUMMIT” hosted by  IIT Kharagpur, what's you thought on the topic “Innovation  and its requirement for India’s future" ... I will pass the thoughts ...

I feel innovation as a culture is not appreciated enough in India, people are too scared to think different. People are afraid to fail. People don't have enough dimensions to think, when it comes to technology, we are too behind for innovations. 

Example: Google maps related innovation happened years ago but the ideas of it is sticking us now when we started using Google maps on our mobiles and ipads. Use of technology leads to more innovation.

How do we encourage Innovation in India?

What is innovation by the way?

What is India's future?

Innovation & Execution, is there any relationship?

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innovation is how to take a thing, modify/apply and make money out of it - my interpretation.

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