{"id":219944,"date":"2022-12-26T20:42:37","date_gmt":"2022-12-26T15:12:37","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=219944"},"modified":"2022-12-26T20:42:37","modified_gmt":"2022-12-26T15:12:37","slug":"india-needs-to-increase-its-spending-on-research-and-development-to-become-a-global-leader","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-needs-to-increase-its-spending-on-research-and-development-to-become-a-global-leader\/","title":{"rendered":"India needs to increase its spending on research and development to become a global leader"},"content":{"rendered":"\n

Source<\/strong>: The post is based on an article\u00a0\u201cIndia needs to increase its spending on research and development to become a global leader\u201d <\/strong>published in The Indian Express<\/strong>\u00a0on\u00a026th<\/sup> December 2022<\/strong>.<\/p>\n

Syllabus: GS 3 \u2013 Science and Technology<\/strong><\/p>\n

Relevance: <\/strong>measures required by India to become the world leader<\/p>\n

News: <\/strong>India will be heading the G20 and it has a great opportunity to showcase itself as a global leader or a Vishwa guru.<\/p>\n

How can India become a world leader?<\/strong><\/h5>\n

India needs to have military as well as technological superiority like the US. The US is currently the world leader due to its investment in research and development (R&D).<\/p>\n

India is also heading towards technological innovation with the launch of the Atal Innovation Mission (AIM).<\/strong> It aims to create an ecosystem to promote innovation and entrepreneurship in the country.<\/p>\n

However, India\u2019s success depends on the amount being spent on R&D in relation to other G20 countries.<\/p>\n

How have G20 countries performed in R&D?<\/strong><\/h5>\n

Gross domestic expenditure on R&D (GERD)<\/strong> is the proposed measure to quantify a country\u2019s commitment to R&D.<\/p>\n

According to a report by UNESCO<\/strong>, the G20 nations accounted for 90.6 percent of global GERD in 2018<\/strong>.\u00a0Global R&D expenditure has increased with the increase in Research Intensity from 1.43 per cent in 1998 to 1.72 per cent in 2018.<\/p>\n

Amongst the G20 countries, the US is ahead with 36 percent<\/strong> on R&D expenditure followed by the EU (20 percent), and China (18 per cent) but India\u2019s share is less than 1 percent of G20 R&D expenditure.<\/strong><\/p>\n

What can be the course of action for India?<\/strong><\/h5>\n

India currently spends lots of money in subsidies through various schemes. Therefore, it needs to repurpose its massive expenditures<\/strong> on various subsidies towards research and innovation.<\/p>\n

Moreover, India needs to learn from Israel, a non-G20 country<\/strong> that has the highest research intensity (RI) of over 5 per cent.<\/p>\n

The government of Israel<\/strong> has played an important role in financing and in providing well-functioning frameworks for innovation particularly in SMEs. The innovation system in Israel<\/strong> has led to its economic growth and competitiveness.<\/p>\n

Israel has become an example for the nations that despite being a smaller nation, sustainable growth can be achieved by prioritising investments in R&D.<\/p>\n

Therefore, India along with technological development needs innovations that can safeguard its basic environment \u2014 land, water, and air.<\/p>\n

Note: The percentage of expenditure on R&D of a country to their respective GDP provides the research intensity (RI).\u00a0India is ranked 17th in the G20 with a RI of 0.65 per cent.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on an article\u00a0\u201cIndia needs to increase its spending on research and development to become a global leader\u201d published in The Indian Express\u00a0on\u00a026th December 2022. Syllabus: GS 3 \u2013 Science and Technology Relevance: measures required by India to become the world leader News: India will be heading the G20 and it… Continue reading India needs to increase its spending on research and development to become a global leader<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,10500],"class_list":["post-219944","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704750580},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/219944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=219944"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/219944\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=219944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=219944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=219944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}