Topic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
5. India needs more podiums like the National Bio-Entrepreneurship Competition, to democratize innovation for ideas with great prospective societal impact. Comment.(250 words)
Reference: Financial Express
Why this question:
The article discusses in detail the fact that India needs more platforms like the National Bio-Entrepreneurship Competition, which democratizes innovation access for ideas with large potential societal impact
Key demand of the question:
The answer must discuss the significance of innovation and entrepreneurship platforms in the country to foster the same for greater societal impact.
Comment– here we have to express our knowledge and understanding of the issue and form an overall opinion thereupon.
Structure of the answer:
Briefly explain the need for innovation.
Discuss that India is home to the third-largest congregation of startups, after the US, and China. This infectious spirit of innovation is permeating everywhere. Unlike any other time in India’s recent history, multitudes are endeavoring to create bottom-up science-based solutions to our challenges. The need for nationwide ideas platforms to support innovators is paramount. Highlight the significance of platforms like National Bio-Entrepreneurship Competition (NBEC). Take hints from the article and explain the significance of entrepreneurship to the country.
Conclude with way forward.