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Study on India’s R&D expenditures
July 26 , 2022
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- India Innovation Index was recently released by NITI Aayog.
- It is providing ranks to states and union territories based on their innovation performance.
- As per NITI Aayog’s India Innovation Index 2021, gross expenditure on research and development in India is lowest in the world.
- India spends USD 43 per capita on R&D.
- Russia spends USD 285 per-capita, Brazil spends USD 173, while Malaysia spends USD 293.
- India’s expenditure is lower as compared to Brazil (1.16%) and South Africa (0.83%).
- Only Mexico (0.31%) had a lower share of GERD as percentage of GDP, than India.
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