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#ScienceandTech #GS3
Topic - R&D
🍄 India spends about 0.7% of GDP on research whereas other countries spend 2.5-3%. Even if the investment by Indian companies, is approx. 7% and global companies spend 15-20%.
This is because research is expensive and at the same time unpredictable. India must make exponential investments in R&D to become a global innovation hub.
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