Advantage India
Robust
Demand
*As per the Economic Survey 2022, India’s GERD as a percentage of GDP stood at 0.66%.
*Expanding middle-class and increasing affordability are demand drivers for technologically advanced products.
Attractive
Opportunities
*India is the top exporter of IT products, has the third-largest pharma sector and a fast-growing contract research segment.
*State University Research Excellence (SERB-SURE) to create a robust R&D ecosystem in state universities and colleges; Fund for Industrial Research Engagement (SERB-FIRE) to support research and development to solve critical problems that are relevant to industries in a public-private partnership mode.
Policy
support
*In September 2021, India published the amended Patents Rules (2021) and reduced fees by 80% for educational institutions.
Rising
Private Activity
*Establishment of CoEs in various areas. NMITLI initiative on PPP basis.
*Increased investment by private players. Setting up R&D centres.
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MOREMajor Indian States for Science and Technology
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- Telangana
- Andhra Pradesh
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