India’s R&D estimates are an incomplete picture
GS Paper 3 Syllabus: Science and Technology Source: TH Context: India’s R&D expenditure-GDP ratio of 0.7% is very low when compared to major economies and is much below the world average of 1.8%. Main reasons behind India’s low R&D expenditure-GDP ratio: Low investment by the corporate sector: While the corporate sector accounts for …
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