Economy, asked by Akash1971, 11 months ago

Do you with this view that india's potential in r &d lies iys ability to scale up r&d expenditure? Give your views

Answers

Answered by rkarm05
0

Over the years the the R&D sector has contributed greatly in the economic growth of the country. There have been a number of educational institutes and R&D laboratories that have been opened and the gross expenditure on R&D in India has increased in the recent years and it is dominated by public investment.

There have been a number of initiatives been taken up by the government for increasing the involvement of entrepreneurs and researchers and in fostering scientific innovations.

Many multinational corporations are setting up their R&D centres in India to establish their presence within the country and it would encourage R&D and contribute towards a more positive ecosystem

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