Growing Social Innovation: Leveraging Technology and Government

India has been heralded across the globe for its innovation in industrial, financial and technological arenas. Economic liberalization in 1991 led to a significant increase in competitiveness in the Indian economy and highlighted the importance of innovation. As a result, India is now the second fastest growing trillion-dollar economy and has reaped numerous associated benefits. However, this innovation-fuelled growth has been far from inclusive, with 42% of the population living below the international poverty line of US$ 1.25 per day. Despite a number of social enterprises working towards alleviating poverty, various socio-economic issues continue to persist on a large scale. Some of these include low education levels, poor health outcomes and little or no access to basic inputs to improve livelihoods. Unfortunately, the scale of these problems is exponentially larger than the ability of social enterprises to grow their solutions - alone. A new phase of unleashing social innovation is required that spreads India's growth phenomenon to those previously left out it, and serves as the basis for an inclusive and sustainable economic paradigm