An article on the GE Look ahead blog of The Economist says, “Solar-powered ATMs and other frugal energy projects point the way to a more sustainable global future”.
The article states:
“Although India’s research and development budget is less than 1% of its gross domestic product, the county produces more patents for the R&D dollar than does China and more published research papers per dollar than does the United States. Clearly, the jugaad culture constitutes a growing competitive force in the global economy.”
See full article at: http://gelookahead.economist.com/innovating-more-with-less-in-india/#prclt-cQkS1xEv