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Business Today and Monitor Group jointly surveyed more than 75 senior executives across sectors on their innovation-related attitudes, beliefs and practices. We also surveyed investors to find out how they view the state of innovation among Indian companies. The results show clearly that Indian firms recognise how critical innovation is to thriving (or even just surviving) in today's global market, and some have taken important steps towards building the kinds of leadership, strategy, systems, partnerships, and culture required for innovation.