Do you know the word jugaad? If you do, chances are you are Indian or have traveled there. Or maybe you are a CEO (more on this below).
Jugaad is a Hindi word which roughly translates as "frugal innovation". The concept of jugaad comes from a type of vehicle by the same name, powered by diesel engines originally designed to run agricultural irrigation pumps. Wikipedia reports that these vehicles cost less than $US2,000 and can carry more than 20 people at a time, although they are used to transport a wide range of cargo, from steel rods to school kids. These vehicles go unregistered and untaxed.
Jugaad is a Hindi word which roughly translates as "frugal innovation". The concept of jugaad comes from a type of vehicle by the same name, powered by diesel engines originally designed to run agricultural irrigation pumps. Wikipedia reports that these vehicles cost less than $US2,000 and can carry more than 20 people at a time, although they are used to transport a wide range of cargo, from steel rods to school kids. These vehicles go unregistered and untaxed.
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