India's spending on R&D reduces against rising per capita income

CEA Subramanian bats for private push in research

India’s spending on research and development as a percentage of gross domestic product fell against a rising per capita income in recent years, contrary to China and select advanced economies in comparison, the analysis presented in the economic survey has demonstrated. 

India spent only 0.7 per cent of its GDP on R&D in 2016-17, got only a fifth of its filed patents granted in 2016 and filed only six patents per million people. 

Though R&D spending in India (per cent of GDP) grew faster than China at a time when their per capita incomes were comparable, China’s spending rate outpaced