In Pics | A look at India’s R&D budget and spending
India may need a better R&D strategy for modern times. A closer look at India’s R&D budget and spending and why, despite the immense innovation potential, the country lags in the R&D space.
India needs more than just jugaad to ramp up innovation. A recent report by Niti Aayog shows India’s spending on research and development (R&D) is one of the lowest in the world. (Image: News18 Creative)
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India’s gross expenditure on R&D (GERD) is 0.65 percent of its GDP, one of the lowest in the world. (Image: News18 Creative)
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Most of the R&D expenditure incurred by the central government sources is channelled through these major scientific agencies. (Image: News18 Creative)
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More than one-third of the total national expenditure on R&D is spent on health and defence. (Image: News18 Creative)
The extent of innovation in a country is measured through the number of patents it gets every year versus those filed for approval during that period. (Image: News18 Creative)
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In most countries, R&D expenditure is undertaken by business enterprises and the higher education sector. In India, the government spends the most on R&D. (Image: News18 Creative)
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One reason for the low spending on R&D in developing countries is that investments in R&D take time to produce results. According to the Niti Aayog report, in a country like India where there are bigger issues – such as hunger, disease control, and raising the quality of life – to contend with, resources are often diverted towards tackling them. (Image: News18 Creative)
