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Hello John,
Being an Indian I'm glad that you look at things differently, however I believe that in India, as young people we do have product innovation too, since the Entrpreneur funding model is extremely weak in India(compare to US), we are not able to risk ourselves in coming up with new ideas in products. (I state this fact for within companies or people who would like to start out on their own). So the day more funding is available I guess you would see quite a few product innovations too.

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