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Last Updated: June 18, 2018
Latest update: June, 2018
Notes: CAGR - Compound Annual Growth Rate, PPP - Purchasing Power Parity, R&D – Research and Development, E – Estimate, F – Forecast
Source: R&D Magazine, International Monetary Fund, World Bank, CIA Fact Book, OECD, Department of Science and Technology
Notes: NDDD–Novel Drug Discovery and Development, FY18*-Up to December 2017
Source: Reserve Bank of India, Department Of Industrial Policy and Promotion(DIPP)
Last Updated: June, 2018
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’s gross expenditure on R&D (GERD) increased from Rs 65,961.33 crore (US$ 14.07 billion) in 2011-12 to Rs 104,864.03 crore (US$ 16.27 billion) in 2016-17.
India is among the top-ranking countries in the field of basic research and ranks 12th in terms of the number of patents filed with 24,898 patents filed in FY17. In 2017, patent applications by Indian start-ups increased 15 times to 909 from 61 in 2016. India was ranked 13 in 2017 by Nature Index, which publishes tables based on counts of high-quality research outputs based on natural sciences in 2016. IBM’s India inventors contributed over 800 patents in year 2017, making India the second highest contributor after the US region. In May 2018, CISR was awarded Clarivate Analytics India Innovation Award 2018 in the Government Research Organizations Category.
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. Cumulative Foreign Direct Investments in scientific instruments increased to US$ 260.46 million in December 2017 from US$ 10.81 million in FY08, leading to significant amount of technology transfer through industrial acquisitions. In February 2018, the Union Cabinet has approved implementation of 'Prime Minister Research Fellows (PMRF)' scheme, which will promote the mission of development through innovation, at a total cost of Rs 1,650 crore (US$ 245.94 million) for a period of seven years beginning 2018-19.India is world’s third largest technology start up hub with incorporation of 1,000 new companies in 2017.The Government of India is extensively promoting research parks technology business incubators (TBIs) and (RPs) which would promote the innovative ideas till they become commercial ventures.
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