India has a strong network of science and technology institutions and trained manpower. It has the third-largest scientific and technical manpower in the world with 162 universities awarding over 4,000 doctorates degrees and 35,000 post graduate degrees annually.
India is among the top-ranking countries in the field of basic research and ranks 12th in terms of the number of patents filed. India also ranks ninth globally in terms of the number of scientific publications.
India has been strengthening its position in research through investment. India‘s R&D globalisation and services market is expected to reach US$ 38 billion by 2020. More than one-third of the top 1,000 global R&D spenders have centres in India. Going forward, India’s investment in R&D sector is expected to rise from 0.9 per cent of Gross Domestic Product (GDP) in 2016 to reach 2.4 per cent of GDP in 2034.