As Indians, we are proud of our ‘jugaad’ (quick fix) skills. However, the same approach has long been a barrier to the emergence and growth of the country’s hardware startup ecosystem. Traditionally, India has been the innovation bed for software focused startups, while the hardware segment of the Indian startup ecosystem has been lagging. However, things may not remain the same in the coming days. Here is why things are much brighter for hardware innovation.
The other major talent shift we are seeing in today’s time is reverse brain drain led by the growth of tech firms in India. Engineers who have studied in foreign universities are coming back as Indian tech firms provide them with exciting projects opportunities. This is keeping up the momentum of tech innovation in India.
With all the tailwinds, India is set to go through a hardware renaissance. However, we needn’t forget that we do not become another Germany or China in terms of hardware innovation, but build New India. After all, it is not always about ‘jugaad.’