Jugaad – A new discipline for the economy of the future « InnovToday

It’s been called ’low-cost’ or ’frugal’; now recognizing India’s excellence – although not monopoly - in the domain of ultra-low-cost innovation, it’s finally been given a Hindi name: Jugaad. Traditionally, Jugaad are locally-made small trucks that provide low-cost transportation for people and goods in rural India. These small trucks, equipped with an engine derived from an irrigation...