Explore Other Industries
Last Updated: August 28, 2015
Senator Kim Carr
Minister for Innovation, Australia
Latest update: August, 2015
• In 2014, with a USD1.7 trillion economy and per capita income of over USD1,200, India presents a unique opportunity for companies to tap the huge consumer base
•An expanding middle class and rise in purchasing power of rural residents have boosted demand for innovation and development of cheap and durable products that could meet the local requirements
•Rising per capita income in India to bring boom in R&D investments in the country with more and more of foreign players shifting R&D bases to Indian
•Information & Communication Technology (ICT) spending in India is expected to increase at a CAGR of 9.63 per cent to USD95.9 billion during 2012-16F
•Telecommunication sector, which accounts for 67 per cent of the Indian ICT market, is expected to drive growth
•Key drivers that would accelerate growth of the sector include increased access to services due to launch of newer telecom technologies, better devices, changing consumer behaviour and emergence of cloud technologies
•With usage of wireless technologies expected to grow in future, low power devices with higher duty cycles need to be explored
Last Updated: August, 2015
SECTORAL REPORT | August, 2015
Modern India has had a strong focus on science and technology, realising the fact that it is a key element of economic growth. Significantly, India is among the topmost countries in the world in the field of scientific research and has positioned itself as among the top five nations in the field of space exploration. It has been regularly undertaking space missions to the moon and the famed Polar Satellite Launch Vehicle (PSLV). ISRO's Polar Satellite Launch Vehicle, PSLV-C26, successfully launched IRNSS-1C, the third satellite in the Indian Regional Navigation Satellite System (IRNSS), on October 16, 2014, from Satish Dhawan Space Centre, Sriharikota. This is the twenty seventh consecutively successful mission of PSLV.
Recently, official information to the Lok Sabha stated that 27 satellites including 11 that facilitate the communication network to the country are operational, while one more is to be launched in March 2015. India is proving itself time and again and successfully marking itself in growth in space technology. India is to take a leading role in launching satellites for the SAARC nations. Revenue is being generated for space facilities of the nation to be used by other countries.
There has also been a lot of focus on encouraging the scientific temperament in India’s youth with the setting up of numerous technical universities and institutes, both in the private and the government sector. India presently has 16 Indian Institutes of Technology (IITs), 30 National Institutes of Technology (NITs), 162 universities awarding about 4,000 doctorates and 35,000 post-graduate degrees, and about 40 research laboratories run by the Council of Scientific and Industrial Research (CSIR) all over the country.
India is among the top 10 nations in the world in the number of scientific publications. Position-wise, it is ranked 17th in the number of citations received and 34th in the number of citations per paper across the science and technology field (among nations publishing 50,000 or more papers). It is also ranked ninth globally in the number of scientific publications and 12th in the number of patents filed.
Backed by the government, there has been a lot of investments and developments in different sectors such as agriculture, healthcare, space research and nuclear power through scientific research. For instance, India is gradually becoming self-reliant in nuclear technology through the commercial success of the indigenous reactors like the Dhruva reactor at BARC, which achieved criticality on August 8, 1985.
According to the latest available statistics by the Government of India, the Indian investment in science and technology in terms of Gross expenditure on Research and Development (GERD) during 2011-12 has been US$ 36.2 billion Purchasing Power Parity (PPP).
India invested 0.88 per cent of its Gross Domestic Product (GDP) towards Research and Development (R&D) whereas USA and South Korea spent 2.76 per cent and 4.04 per cent respectively during 2011-12.
The Narendra Modi government will soon institute a nation-wide consultation process with a view to developing the first, publicly accessible Science and Technology policy. It will be called “Vision S&T 2020” and articulate the road ahead towards self-reliance and technological independence in the 21st Century.
National Council of Science Museums (NCSM), an autonomous organization under the Union Ministry of Culture is engaged in establishment of Science Centres throughout the country. NCSM is developing a Science City at Guwahati, Assam which will subsequently be handed over to the Govt. of Assam for future operation and maintenance. Proposals from various state governments have also been received for setting up of Science Cities. The Science Centres/Cities projects are taken up by NCSM in a phased manner depending upon the availability of resources, project handling capacity of NCSM and the existing level of science centre activities in that particular State.
In the Union Budget 2014-15, the following initiatives in the field of science and technology were taken:
Some of the other government initiatives taken in the recent past are as follows:
India is aggressively working towards establishing itself as a leader in industrialisation and technological development. There will likely be significant developments in the nuclear energy sector as India looks to increase its nuclear capacity. There is also an indication that nanotechnology will change the face of the Indian pharmaceutical industry. The agriculture sector will also see a major revamp with the government investing heavily for the technology driven Green Revolution. The Government of India, through the Science, Technology and Innovation (STI) Policy-2013, among other things, also aspires to position India among the top five scientific powers in the world.
Exchange rate used INR 1= 0.016 as on March 24, 2015
References: Ministry of Finance, Press Information Bureau (PIB), Media Reports and Press Releases, Department of Industrial Policy & Promotion (DIPP) and Department of Science and Technology
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Loading blogs ...
FUTURISTIC SOLUTIONS, CURRENT SCENARIOS
eToilets, the self-flushing, self-monitoring technology-based sanitation solution, is no longer a dream, but has been brought into reality by Eram Scientific Solutions (ESS).
Copyright © 2010-2015 India Brand Equity Foundation
All material, information, data, images or content on this website is subject to copyright or other applicable intellectual property laws and no part of it can be reproduced in any form (including paper or electronic form) without prior written consent and approval from IBEF. Infringements are subject to prosecution under the applicable laws. For consent related queries and conditions,
please write to firstname.lastname@example.org
An initiative of the Ministry of Commerce & Industry, Government of India