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Indian industry must scale R and D investment to transition from tech importers to creators: Rajiv Gauba

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India's gross expenditure on research and development (R&D) remains stagnant at 0.7 per cent of the GDP, significantly trailing the global average of 2.3 per cent. With nearly 60 per cent of this funding currently provided by the government, Member of NITI Aayog Rajiv Gauba on Tuesday stressed that the Indian industry must significantly increase its R&D contributions and move away from a reliance on imported technology."India's gross expenditure on R&D, we all know, is low. It has remained stuck at around 0.7 per cent of GDP, well below the global average of 2.3 per cent and much less than…

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