Leveraging affordable innovation to tackle India's healthcare challenge
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IIMB Management Review; 30(1) Mar 2018Summary: Affordable innovation, which presents ways to innovate, be flexible, and do more with less, can help a complex and resource-constrained country like India address challenges in healthcare delivery. Such a model can ensure that healthcare is “available” and “accessible” to every citizen of the country on a sustainable basis. For this, the nation's innovation capability needs to be enhanced through the right kind of fiscal incentives, policy support, financing mechanisms, human capital and best-in-class infrastructure. The aim should be to create a virtuous cycle of basic and applied science where knowledge is seamlessly translated into practical solutions to address unmet healthcare needs.
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Affordable innovation, which presents ways to innovate, be flexible, and do more with less, can help a complex and resource-constrained country like India address challenges in healthcare delivery. Such a model can ensure that healthcare is “available” and “accessible” to every citizen of the country on a sustainable basis. For this, the nation's innovation capability needs to be enhanced through the right kind of fiscal incentives, policy support, financing mechanisms, human capital and best-in-class infrastructure. The aim should be to create a virtuous cycle of basic and applied science where knowledge is seamlessly translated into practical solutions to address unmet healthcare needs.
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