According to a report by the government think tank NITI Aayog and the Institute for Competitiveness, India has among of the lowest R&D expenditures worldwide. In fact, R&D spending in India has decreased, falling from 0.8 percent of GDP in 2008-09 to 0.7 percent in 2017-18. According to data, India has a lower GERD than the other BRICS countries. Spending amounts for Brazil, Russia, China, and South Africa are respectively 1.2 percent, 1.1 percent, over 2 percent, and 0.8 percent. Around 1.8 percent is the global average.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
KEY POINTS:
People may relocate to another region, state, or nation in search of better prospects due to lower R&D funding and less inventive opportunities. This Phenomenon is known as Brain Drain Phenomenon. Brain drain is a phenomena that weakens a state’s competitive advantage and has a negative influence on the economy of the entire nation.
In 2025, India's population is estimated to reach 1.46 billion, making it the most populous…
In a momentous chapter of India's space exploration journey, Group Captain Shubhanshu Shukla of the…
Justice Neranahalli Srinivasan Sanjay Gowda has officially taken charge as a judge of the Gujarat…
On June 9, 2025, US President Donald Trump put a new travel ban into action.…
The Government of India has taken a big step to make Waqf property management more…
The Government of India has launched the Ayush Nivesh Saarthi Portal, a digital platform made…