Good asked question @jeyavinoth In simple words, link baiting is inverse of link building in some sense
Getting link bating naturally is the actual success of any site or online business..
Link baiting can be done through infographics, images, slides, videos, gaming or tech gadgets especially with Great content too.
For Example: If you wrote a great piece of content then someone visitors read this and after reading he linked this content on his blog article somewhere else, So that would be link baiting. Because next person like your published content/videos/infographics then linked this inside their article on his blog. So this means you are just writing some thing very great and others bloggers or sites quoted your that article link/reference. That's a success moment for every blogger, who are getting good amount of link baiting.
Hope this help you!