Current Science

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Innovation, a buzzword in the globalized world economy, predominantly refers to technological changes within the formal sector, although the genealogy of the word shows its use in ancient and medieval times with a negative connotation. This was not an important concept until the 'Schumpeter Mark I&II' that has changed its understanding and revolutionized the field of innovation studies. Also, the agents of change in Mark I, i.e. individual innovators were replaced by firms in Mark II. However, at the turn of the 21st century, scholars and policymakers once again focused on individual innovators, especially in the informal sector in India. This book is a timely intervention in terms of highlighting the contribution of these 'unsung heroes' or the 'grassischolar_mains innovators', as termed by the author Anil Gupta.
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