Research and Development in Industry

The industrial sector spent Rs 473 crore on R and D in 1984-85. This should be seen against the output of Rs 1,17,770 crore generated by the manufacturing sector in 1985-86. It should also be a matter of concern that a major portion (76 per cent) of R and D expenditure continues to be borne by central and state government agencies and universities. If R and D is to serve as the motive power for competitive development of industry at an international level, the productive sector would have to be the main performer of R and D activities.