India is planning to develop a suitable science, technology and innovation policy framework to encourage innovations.
At the end of t
he current 11th plan, India might need a strategy to assess and measure the economic impact pf R&D and technology-led GDP growth and prepare a roadmap for adequate investments into the science, technology and innovation during the 12th plan period.
Gross investments into research and development form an important indicator of global competitiveness, said the said the minister for science and technology and earth sciences, Prithviraj Chavan while delivering his keynote address to the 97th Indian Science Congress here on Sunday.
He informed that the Prime Minister, Dr Manmohan Singh has committed to increase the national outlay for research and development to 2% of GDP from the current level of about 1%. This would result in an increase in R&D expenditure by at least 20 to 25% annually he said and added that the scientific institutions in the country should increase their ability to absorb the additional resources.
He, however, admitted that in the global assessment of innovation index, Indian position was not good enough and therefore there was a need to develop a suitable science, technology and innovation policy framework. The Science and Technology Policy was enunciated way back in 2003.
The gross expenditure on research and development (GERD) has emerged as one of the important parameters for assessing the technology and innovation status of countries. During the last quarter of the 20th century, global investments into R&D scaled new heights reaching more than a trillion dollars. Share of technology-led growth in GDP increased to as much as 25 to 50% in several countries.
As in the wake global financial crisis, many developed countries GERD has marked a decline, Chavan said that India would now enjoy significant advantage of high return per dollar invested into R&D. India has already announced a Decade of Innovations.
Source : http://www.expressindia.com/latest-news/India-to-formulate-new-science-and-technology-policy/563207/
At the end of t
he current 11th plan, India might need a strategy to assess and measure the economic impact pf R&D and technology-led GDP growth and prepare a roadmap for adequate investments into the science, technology and innovation during the 12th plan period.Gross investments into research and development form an important indicator of global competitiveness, said the said the minister for science and technology and earth sciences, Prithviraj Chavan while delivering his keynote address to the 97th Indian Science Congress here on Sunday.
He informed that the Prime Minister, Dr Manmohan Singh has committed to increase the national outlay for research and development to 2% of GDP from the current level of about 1%. This would result in an increase in R&D expenditure by at least 20 to 25% annually he said and added that the scientific institutions in the country should increase their ability to absorb the additional resources.
He, however, admitted that in the global assessment of innovation index, Indian position was not good enough and therefore there was a need to develop a suitable science, technology and innovation policy framework. The Science and Technology Policy was enunciated way back in 2003.
The gross expenditure on research and development (GERD) has emerged as one of the important parameters for assessing the technology and innovation status of countries. During the last quarter of the 20th century, global investments into R&D scaled new heights reaching more than a trillion dollars. Share of technology-led growth in GDP increased to as much as 25 to 50% in several countries.
As in the wake global financial crisis, many developed countries GERD has marked a decline, Chavan said that India would now enjoy significant advantage of high return per dollar invested into R&D. India has already announced a Decade of Innovations.
Source : http://www.expressindia.com/latest-news/India-to-formulate-new-science-and-technology-policy/563207/
