Keeping Up with Innovation: Perspectives into the Present and the Future Needs of the Indian Food Sector

Mirinal Kumar Rayappa and Sapna Arora ()
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Mirinal Kumar Rayappa: National Institute of Food Technology Entrepreneurship and Management
Sapna Arora: National Institute of Food Technology Entrepreneurship and Management

Journal of the Knowledge Economy, 2021, vol. 12, issue 2, No 3, 470-488

Abstract: Abstract Innovation has become a vital paradigm today for both to start a successful startup and also to run an already functioning business efficiently. The Indian food sector has enormous potentialities to transform the Indian economy due to its both forward-thinking technology adoption and backward traditional practices that together form a strong linkage. However, this potential can be converted into reality only through investment and continuous innovations. Based on these concepts, the present paper gives attention to these innovation terminologies and then dives into how these innovations have a drive within the Indian food industry. The study is exploratory and is based on secondary data sources regarding innovation, R&D investments by companies, and the number of patents registered. The paper also sheds light on how policies and government regulation can indulge innovation more in the food sector in the coming future.

Keywords: Innovation; Food industry; Entrepreneurship; Research and development; SMEs (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s13132-021-00728-7

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