That is incorrect. The tech innovation track is bad because most of talented indians join mostly Trading based family business.
Most of Agarwals,Jains,Brahmin are mostly businessman.(most indian big startup-enterprises are from this community.ex.Paytm,Reliance,Birla,Flipkart,OYO,OLA)
for example,I am jain(Baniya). I am having masters degree in IT(2013),had offer from US based MDM startup still I chose trading.
Even now I spend 20 hours a week in IT work(hobby),from node projects,System drivers to my trading business specific IOT devices and even DIY Electronics project.
But I dont find myself in IT business in near future.
My cousin who is also master degree holder in IT, He runs successful family owned supermarket with 15000+skus. His store is more advanced in tech then bigger competitors which I bet will earn him fruit in next 3-4 years.
Its personal choice not lack of innovation or talent.