![The government must also provide direct R&D grants to companies—along the US, Israeli and Chinese models.](https://r.search.yahoo.com/{"default":{"load":"default","w":"80","h":"53","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1bkmU4.img?h=533&w=799&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1bkmU4.img?h=416&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1bkmU4.img?h=416&w=624&m=6&q=60&o=f&l=f"}})
© 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,