India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle-income country, World Bank India head Junaid Kamal Ahmad said today.
He said what drives productivity is pertinent when it comes to innovation and is a very relevant question for India as it seeks to move up the ladder from low middle income to high-income country.
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Releasing a World Bank report on innovation in developing countries, he said: “I think we can do a Silicon Valley in India in the next five years..as the world is changing, we can leapfrog.