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News article24 June 20221 min read

Unlocking India's Innovation Potential

In a brand-new article in the Economic Times, authors Amit Kapoor, chair of the Institute for Competitiveness in India, and Rishi Jain, a researcher at the same insitute, shed light on India's innovation journey and progress in recent times in terms of start-ups and producing unicorns.

However, despite this positive development, the authors point out that the gross expenditure on Research & Development  (GERD) has been a meager 0.7% of its GDP with its GERD per capita being about 43 (in current PPP $) according to data provided by the Ministry of Science and Technology. "For India to boost its innovation culture, this percentage needs to increase," Kapoor and Jain conclude.




Publication date
24 June 2022