We should look at building Jhakaas (awesome) and

not Jugaad (make-do) for building

#worldclassfromindia – Anand Mahindra

If there is ease of doing business in India, students

will come back and work in India.

Novelty, Utility and Frugality are the 3 mantras for

innovation in India

Flipkart invented cash on delivery. No other company

in the world did that.

We fear failure because we fear authority. We need to

inculcate self belief. One way to education system, is to

get our children right from kindergarten to question not

such authority, but what they are told.

You need to train the people in your organisation

especially at ground level to become better listeners.

The most innovative ideas come from listening what

the consumer wants.

I have been one of the biggest critics of the word

‘jugaad’. It should be about ‘more for less’ than

‘make do’.

One very important block is the Indian consumer. We

have the opportunity to take any innovation to the

scale no other country can.

Problem in India is that failure is too expensive. You

can’t afford to fail. That maybe the reason for lack

of innovation.