EXPENDITURE ON R&D

  • February 16, 2022
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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EXPENDITURE ON R&D

TOPIC: Economy

Context- To move from stagnation in R&D to a more dynamic ecosystem would require action on many fronts, including more government spending.

Concept-

  • The most used indicator to measure country-wise investments in R&D is the gross domestic expenditure on R&D (GERD) as the percentage of gross domestic product (GDP).
  • According to UNESCO the global expenditure on research and development (R&D) has crossed $1.7 trillion.
  • India is a low spender (only 0.66 percent of the GDP) in comparison to the developed countries and emerging economic powers of East Asia.
  • While USA Japan & Germany Spend more than 3%.
economy EXPENDITURE ON R&D