R&D Expenditure

As China’s R&D intensity increased even further to 2.18% of GDP, India’s fell to 0.63% in 2015 from 0.85% in 2011. Further, India’s high-technology manufacturing output fell 14% between 2011-2016. India needs to increase R&D spending so as not to be left behind in the global technology race.

Chairperson Sitara

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