Page 295 - LECTURETTE TOPICS eBOOK

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• India has 27% of the Asia’s new innovation centers.

• The number of students enrolling for PhD is continuously increasing in India.
• Reliance, Samsung, Paytm etc are amongst the top innovators in India.
• The engineering R and D was US $ 22.3 Billion in 2016.
• More than 1000 enterprises have R and D centers in India.
• A number of Global companies have set up their R and D centers in India. For
example Abbott, Unilever, FireEye etc. These have worked on supply chains,
packaging technologies etc.
• With the Make in India vision, a number of R 7 d centers have opened up in India.
• The highest number of R and D centers in India are in Bangalore because of
more and more MNC’s in the city. Bangalore accounts for 48% of the country’s
centers.
• The IT sector R and D investments have been on top in India leaving behind
even USA and Germany.

The Problem area
• The huge capital investments required are the bottleneck. The economic
survey 2017-2018 said that only 06 to 0.7 percent of GDP have been allocated
to R & D department in the last twenty years and this is a hindrance.
• The expenditure on R and D is much less than other advancing nations like
Germany, china etc.
• Indian firms have still not managed to reach the top 5 sectors of R and d.
• There is less private investment as compared to public investment in this sector.

Conclusion

India has become an attractive destination for R and D investments in the previous
years. The government has identified the need for increasing its efforts in the R & D
sector and is going to increase the budget allocations.

R and D bring the future along. Continuous research and development will only push
the Indian economy forward.

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