"This is in the 12th Plan. We will be spending about two per cent of our GDP, which is 100 per cent increase...The government is taking all steps to boost the health sector... The Prime Minister has agreed to increase spending on health sector from the 1 per cent of GDP to 2 per cent," Union Minister of State for Planning, Science and Technology Ashwani Kumar said here.
He was delivering his inaugural address on the occasion of 'Research Day', being celebrated as part of the Golden Jubilee celebrations of the Post Graduate Institute of Medical Education and Research (PGMIER) here.
Batting for increased spending on research, he said so far in India, private sector was not contributing much towards this.
"All over the world 3/4th funding on research comes from the private sector but in India it is reverse, two-third is spent by government and only one-third by the private sector.
Apart from the government increasing its own share, a committee has been set up to attract funding from the private sector so that it becomes a kind of Public-Private Partnership effort," he said.
He said India's global standing in the field of science and technology will depend upon its innovative capabilities.
"Innovation means to provide affordable services to the masses...The country needs new structures and mechanisms to create a system which enables indigenous methods for affordable innovations and benchmarking of global best practices for quality innovations," the minister said.
Indian Council of Medical Research and Department of Science and Technology scientific advisory committee chairman V I Mathan said, "We need to respect the achievements of Indian scientists and researchers, who may not necessarily have got the acclaimed international awards."
PGIMER director Yogesh Chawla said in the next 10 years, the institute plans to introduce robotic surgery and state-of- the-art metabolic, genetic laboratories and multi-organ transplantation facility.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
