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#Innovation #Startup #StartupIndia #Corruption #EaseOfDoingBusiness #Economy #Finance #Business #China #Tariffs India’s innovation ecosystem is stuck in a paradox — we have talent, ambition, and a young population, yet our start-ups rarely break into truly disruptive or deep-tech domains. The problem isn’t a lack of ideas, it’s the lack of an enabling environment. Bureaucracy, red tape, and a culture of gatekeeping slow down even the most promising ventures. Founders spend more time chasing approvals than building solutions. Regulatory frameworks are unclear, tax incentives are inaccessible without “facilitation,” and public institutions often resist rather than support innovation. Meanwhile, countries like China have strategically invested in R&D, education, and state-backed innovation for over a decade. India, by contrast, is still glorifying jugaad, mismanaging talent, and prioritizing optics over outcomes. Without structural reform, genuine support, and a cultural shift toward long-term investment in knowledge and people — India’s innovation story will remain mostly just that: a story. We explore in #Cracknomics this week. Join The Wire's Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire's founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month. / @thewirenews