- India has been on a rising trajectory on the Global Innovation Index for the past few years moving from 81st place in 2015 to 46th in 2021.
- India spends around 0.7% of GDP on R&D.
- The government plans to strengthen and boost the science and technology infrastructure in major sectors. They include Big Data, Cyber physical systems, Advanced manufacturing Waste processing etc.,
- The national institutes like IITs NITs are doing well in the research sector.
- The National Education Policy 2020 is expected to give a boost in the next few years.
- The budget estimates for the R&D in 2022-2023 is Rs. 5636 crores.
- India is fourth in terms of Unicorns and third in terms of start-up ecosystem globally.
Path Towards Future
- Currently, India’s private Gross Expenditure on Research and Development is less than 40% whereas in developed countries it is more than 70%.
- The Department of Science and Technology is bringing together academia, industry and scientists as its stakeholders.
- Breaking of silos among the departments is a much needed one.
- The areas like school education, pedagogy, industry needs to be linked for the better result.
- Industry-academia linkage needs to be promoted through technology business incubators.
- The filing of online applications of Intellectual Property Rights should be promoted.
NIPAM (National Intellectual Property Awareness Mission)
- The pan-India ambitious mission NIPAM aims to provide awareness on intellectual property and its rights to 1 million students.
- It aims to inculcate the spirit of creativity and innovation to students of higher education (classes 8 to 12) and ignite and inspire the students of college/Universities to innovate and protect their creations.
- The point of focus for India’s development should be to create and support an ecosystem for R&D which would meet the needs and aspirations of not only the local but also of the global consumer.