Good news! India is apparently creating something like the National Science Foundation in the U.S.
"India is planning to set up a national agency to increase research across the nation’s thousands of universities, colleges, institutes and laboratories. Legislation to establish the fund is expected to be introduced into the Indian Parliament in the next three weeks.
The National Research Foundation (NRF) will have a budget of roughly US$6 billion over five years. Some 70% of these funds is intended to come from investors in the private sector, and the remaining portion will be covered by the government. ...
India’s economy is in the world’s top ten by gross domestic product (GDP). However, the nation’s spending on research and development is low compared with that of other countries with large economies, accounting for less than 0.7% of GDP in 2018, the most recent year for which data are available. For comparison, in the same year, China’s research expenditure made up more than 2% of its GDP, and this figure was even higher in the United States (3%). ..."
India’s economy is in the world’s top ten by gross domestic product (GDP). However, the nation’s spending on research and development is low compared with that of other countries with large economies, accounting for less than 0.7% of GDP in 2018, the most recent year for which data are available. For comparison, in the same year, China’s research expenditure made up more than 2% of its GDP, and this figure was even higher in the United States (3%). ..."
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