Jan 17, 2018
At less than 1% of GDP, India’s spend on R&D continues to be less than other emerging economies
Posted by Derick Lee in category: economics
As compared to India, other BRICS nations — Brazil, Russia, China and South Africa — had spent more of their GDP on research. Most of the developed countries, in fact, spent more than 2 per cent of their GDP on R&D.
India’s gross research spending has consistently been increasing over the years but the country’s total expenditure on R&D continues to be less than 1 per cent of its gross domestic product (GDP) when other emerging economies, including China and Brazil, invest more money on this head.
Representative image.