India has the advantage of high quality researchers and growing markets at home and abroad. However, it is, at present, a very minor player in the global research and development arena. If the right steps are taken, such as enhanced R&D spending by industry with the government providing better incentives and a focus on fundamental research in the sciences and engineering, India can become an important R&D power. This article analyses the present scenario and suggests policy steps to achieve this goal.
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Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.