India, Dec. 3 -- The Government of India has issued a release:
As per latest Research & Development Statistics, the Gross Expenditure on Research and Development (GERD) in the country has been consistently increasing over the years and has more than doubled from Rs. 60,196.75 crore in 2010-11 to Rs. 1,27,380.96 crore in 2020-21.
The key sectors and institutions contributing to this increase include: government R&D labs/institutions, public & private sector industries and higher education institutions. In the industrial R&D, the dominant sectors are Drugs & Pharmaceuticals, Information Technology, Transportation, Defence Industries and Biotechnology. The share of government spending in total R&D is 63.6% and that of private sectors is 36.4%.
The government has implemented several measures to encourage innovation, research output and patent filing with the aim to strengthen overall research and innovation ecosystem of the country. Some of the key measures/steps taken up by the government include:
India's rising R&D investments and growth in science and engineering PhDs are directly contributing to its goal to become a global innovation hub and helped in strengthening research capacity, fueling innovation, boosting patent activity and enhancing global competitiveness which is reflected in India's position in global rankings i.e. significant jump in its Global Innovation Index (GII) ranking from 81st (2015) to 38th (2025); 3rd position in number of startups; 3rd position in science and engineering publications; 4th position in number of PhDs in science & engineering; and 6th position in patent filing activity.
Disclaimer: Curated by HT Syndication.
