I recently participated in a panel with C-level execs from leading India-based firms, including DLF, Godrej Group, Marico, and Nokia India, to discuss the findings of the 2008 IBM Global CEO Study. The study, based on interviews with 1,130 corporate and public leaders worldwide, identifies how companies are innovating their business models to cope with rapid business, technological, and societal changes. While Western CEOs’ appetite for innovation is curbed by the US recession, the Indian CEOs in my panel seemed eager to capitalize on the twin-forces of globalization and rapid technology…