India Lags Far Behind China, U.S. In R&D: Report

By siliconindia | Friday, 07 February 2014, 08:01 Hrs

Washington: India lags far behind in field of scientific research and development globally which is led by the United States, while China exhibited the most dramatic R&D spending growth pattern, an official American report has said.

Worldwide R&D performance (measured as expenditures) totalled an estimated $1,435 billion in 2011, which is the latest global total available.

The comparable figure for 2001 was $753 billion, which reflected a brisk, 6.7 percent average annual growth over a decade, said the report released yesterday by the National Science Board.

The American R&D increased to $407 billion in 2010 and to $424 billion in 2011.

At just under 30 percent of the global total in 2011, the United States remains, by far, the world's largest R&D performer.

Nonetheless, with other countries also expanding their investments in R&D, the U.S. share has declined since 2001, when it was 37 percent, the report said.

However, it is China which has continued to exhibit the most dramatic R&D growth pattern during this period.

Source: PTI