The power of Innovation

Just now, I read two news items -

1. Mukesh Ambani's personal wealth is $18 bn.
http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/india-home-to-70-billionaires-mukesh-ambani-richest-man-with-fortune-of-18-bn/articleshow/31265967.cms

2. Zuckerberg's fortune grows by $15 bn as Facebook shares soar.
http://www.business-standard.com/article/international/zuckerberg-s-fortune-grows-by-usd-15-bn-as-facebook-shares-soar-114030200115_1.html

That's the difference between doing business on innovation and doing business on government policies or natural resources.

Most of the billionaires in India have played on government policies or natural resources. Be it Reliance, Airtel, Adani or Jindal.

Our system doesn't promote innovation. Hence, we don't have Microsoft, Apple or Facebook or even a Whatsapp which was recently sold off for $19bn - slightly higher than Mukesh Ambani's personal wealth.