Tag: India

China might get ahead of even the US in Science and technology; what India must do?



The government must also provide direct R&D grants to companies—along the US, Israeli and Chinese models.


© Provided by The Financial Express
The government must also provide direct R&D grants to companies—along the US, Israeli and Chinese models.

By Smita Purushottam

China has grown immeasurably powerful over the last two decades, having placed science & technology (S&T) at the core of its developmental and military strategy. China invests 2.2% of its GDP on R&D ($496 billion), dwarfing India’s $50 billion (PPP figures, 2017). It is closing in on the American R&D spend of $549 billion, clocking over 17% in annual growth rates between 2000 and 2017, against the US average of 4.3%.

China’s S&T drive, growth,

Read more