In India various organizations have been able to come out with products and services that are not only significantly cheaper than their western counterparts but also meet global quality standards. Some examples include the cheapest car in the world Tata Nano which costs around US @2,200, a hepatitis B vaccine priced at 1/40th of the cost traditional vaccines and cataract surgeries by Aravind Eye Care performed on 300,000 patients every year at 1/100th of the fee charged in other countries. Scientist and scholar Raghunath Mashelkar explains in this interview how this new model of innovation which he calls Gandhian Engineering can benefit and transform the lives of world’s poor.

Source: HBR