Q. With reference to Research and Development (R&D), consider the following statements:
1.As per the latest official data (2023–24), the private sector accounts for more than half of India’s Gross Expenditure on Research and Development (GERD).
2.India’s Gross Expenditure on Research and Development (GERD) is more than 1% of its GDP.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation:
- Statement 1 is correct: As per the latest official R&D statistics for 2023–24 (released in July 2026), the private sector contributed 51.8% of India’s Gross Expenditure on Research and Development (GERD), accounting for more than half of the country’s total R&D expenditure for the first time.
- Statement 2 is incorrect: India’s GERD was 0.83% of GDP in 2023–24, which is less than 1%. Although R&D expenditure has increased to ₹2.45 lakh crore, India’s R&D intensity remains below 1% of GDP and is lower than that of countries such as China, the United States, Japan, South Korea, and Israel.
Source- TH
