In science, India invests far less than China, US, South Korea: A report by a thinktank shows Indias investment in science has lagged behind that of neighbouring China, the US and South Korea, resulting in these countries staying ahead when it comes to research.While India invested 0.88 per cent of its GDP in science research, the US invested 7-8 per cent, and South Korea 3-4 per cent.The Observer Research Foundation (ORF) report titled Whither Science Education in Indian Colleges? shows that India, with one of the lowest R&D spend-to-GDP ratios, is also expending resources on areas that have a weak connection to industry, thereby missing out on opportunities for economic growth. More than a quarter of (Indias) R&D investment goes towards basic research, against 5 per cent in China and 17 per cent in the United States, the report states.
Posted on: Sat, 19 Jul 2014 10:58:01 +0000
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