Search

India's R&D spending remains 0.7% of GDP in decade

Monday, July 22, 2019
31
Separator
34
Separator
55
Separator
10
Separator
Print Print Email Email
News Content Image

Indias spending on Research and Development (R&D) as a percentage of GDP has remained at 0.7 per cent over a decade, the Lok Sabha was informed on Monday.

This is much lower compared to 4.3 per cent in Israel, 2 per cent in China and 1.2 per cent in Brazil. 

Human Resource Development (HRD) Minister Ramesh Pokhriyal ‘Nishank' said in a written reply that the low investment by the private sector was one of the reasons for the low investment in R&D. 

"One of the reasons is less investment by the private sector on R&D, which accounts for 65-75 per cent of the total R&D investment in most technologically advanced countries of the world as compared to only about 30 per cent in India," he added.

He said that though the country's investment in R&D had tripled in the last decade, its size as a percentage of GDP had remained at 0.7 per cent.

"As per latest R&D Statistics released by the National Science and Technology Management Information System (NSTMIS) of the Department of Science and Technology (DST), R&D expenditure in India tripled from 2004-05 to 2014-15," he said. 

Read More News:

Office Space Supply up 31% in January-June 2019: Report

RBI Panel Estimates Transferable Surplus at Just Rs 8,000 cr


Source: IANS
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Previous
Next