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Till now, studies have determined the existence of process innovation using survey data; however, in this paper, we use secondary data to empirically establish its presence in low-tech industries. Our empirical approach consists of data envelopement analysis in the first step followed by regression analysis in the second step. We use a cross-sectional dataset, i.e., Annual Survey of Industries, 2017–2018 for our study. Our results suggest that among Indian low-tech firms, investment in computer equipment and software is the most popular strategy to trigger process innovation followed by investment in plant and machinery. We find that these factors have a greater impact on firms that export products and import inputs, than on firms that export products but do not import inputs. In other words, the export-import orientation of firms induces a differential impact of these factors on process innovation. One policy implication from the study is that government should encourage and incentivize low-tech firms to improve the capabilities of its labour force. This is the first paper in the Indian context that uses secondary data to empirically determine the existence of process innovation in low-tech industries. [ABSTRACT FROM AUTHOR]

The COVID-19 pandemic created one of the biggest disruptions in human life. We were all confined within the walls of our homes or offices with day-to-day life worldwide seriously affected. In this context, access to and efficient use of technology determined the course of daily life for vast sections of the world's population. However, there was (and still is) a severe pre-existing global divide between the Global North and Global South vis-à-vis digital access. This paper attempts to understand this digital divide and how it has widened during the pandemic in the Global North and Global South with reference to India and the United States (US). This is initiated by analyzing certain factors within each country, namely positional and personal categorical inequalities. Through the cases of the US and India, the authors conclude that the COVID-19 pandemic has exacerbated the global digital divide between the two worlds, affecting core social sectors like education and health. The larger implication of this is a broadening inequality between the Global North and Global South in leading development indicators like the Human Development Index. [ABSTRACT FROM AUTHOR]

Design is the act of transforming an existing situation into a preferred one. Taking this broad definition of design, the paper analyzes the process of grassroots innovations from a design perspective in the three phases of idea generation, experimentation, and implementation. The sample is chosen from award-winning grassroots innovations identified by the National Innovation Foundation (NIF). The different factors involved in each phase of design have been examined. The results indicate that most of the innovations which win awards belong to the mechanical innovations category and have application in the farming or agriculture sector. The innovations are designed using material resources from the surroundings of the innovators while personal savings often make up the necessary finance required to develop the innovation at the idea stage. Next, the different formal institutions involved in the experimentation stage providing technical and financial assistance for further design and development of innovations are also examined, to find that mostly technical institutions are involved in providing validation and modification services to the grassroots innovations. As diffusion of innovation is the preferred condition, the paper finds that most of the award-winning innovations are diffused through a market-based channel in which the innovator owns the manufacturing unit while in some cases the innovations are licenced to another entrepreneur. [ABSTRACT FROM AUTHOR]

Industry in developing nations has not attracted much attention from standard theorists. One of the reasons is that developing countries are considered 'standard takers.' As a result, the limited scholarship on standards in the context of developing countries largely remains occupied with global value chains and standards. Besides, industries in these countries are often marked with various degrees of informality. Due to this, the innate structure and governance of these industries depend a lot on socio-economic relations, over and above the formal legal and regulatory structures. This makes operationalization of standards much more complex than simple adoption of standards in codified and documented form, dominantly considered in mainstream discourse on standards. This paper attempts to answer a few of the limitations highlighted and adds to the scholarship on standards in the context of developing countries by considering the case of Aligarh padlock industry. The paper explores the socio-economic dynamics which govern the emergence, adherence and proliferation of these standards. To this end, the paper considers standards as a form of knowledge that brings order to an industry. Further, adapting upon the literature on global value chain and its role in standard proliferation and informality, the paper explores the role of local value chain in the proliferation of industry-level standards. [ABSTRACT FROM AUTHOR]

Sustainable development lies at the heart of sustainable entrepreneurship. In the context of this view, the current paper explores the linkages among sustainable development, entrepreneurship, and innovation. Since Gujarat ranks among the five top Indian states in terms of renewable energy (RE) potential, we studied this sector using a case study approach. The study explores factors that affects the shift from conventional to sustainable entrepreneurship. These factors include major opportunities, as well as challenges for RE entrepreneurs. The findings suggest that RE entrepreneurs are driven by a mix of economic, personal commitment for the environment and social concerns. Institutional support in the form of skill development programmes, subsidies and easing entry level barriers to RE serve as opportunities for entrepreneurs. Technological expertise is another enabler for RE entrepreneurship. Major challenges identified in this study include inadequate access to formal and institutional finance, especially for start-ups, bureaucratic obstacles, limited number of government-accredited certification labs, and inconsistency in the Ministry of New and Renewable Energy (MNRE) guidelines. Knowledge barriers in the form of lack of information regarding usage, maintenance and utility of solar technologies are also challenges for this sector. Technological risks related to the adoption of RE technologies also puts them at a cost disadvantage in comparison to conventional technologies. [ABSTRACT FROM AUTHOR]

Economic assets play a key role in the growth of renewable power projects and depend on financial scenarios and policy structures offered by government policies. The focus of the study is to assess the impact of the existing economic scenarios and related government policies on wind and solar power deployment in India. The financial analysis of wind and solar power projects, along with parametric and sensitivity analysis, were performed based on the techno-economic parameters of recent wind and solar energy projects. Factors incorporated into the study are capital cost, annual cash flow, project terminal cost, discount rate, cost of capital, tax rate, capacity factor and technological degradation factor. The results show that the values of levelized cost of electricity (LCOE) calculated for recent wind and solar projects are ₹4.89/kWh ($0.0698/kWh) and ₹4.05/kWh ($0.0578/kWh), respectively, which can be reduced to ₹2.36/kWh ($0.0337/kWh) and ₹2.12/kWh ($0.0303/kWh) through proper amendments to the existing policy, an improved financial framework and technological enhancements. The study will be beneficial to policymakers and project developers, helping to boost the future deployment of wind and solar power projects. (Note: USD ($) was converted to Indian rupee (₹) at an exchange rate of 1$ = 70₹ throughout the paper.) [ABSTRACT FROM AUTHOR]