Indian, Chinese firms lead in innovations

Stockholm: Both Indian and Chinese companies have evolved to develop and offer an array of  new complex products, as per a  Swedish researcher report.



Monica Plechero has questioned the notion that Indian and Chinese companies compete with their Western counterparts only through lower wages and cheap imitations.

"It is still the case that both Indian and Chinese companies imitate others but they have also become better at developing new complex products", said Plechero from Lund University, Sweden.

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