Nearly 0.7 per cent of the GDP was spent every year on research and development, including strengthening of science and technology infrastructure, during 2014-15 to 2018-19, Rajya Sabha was informed on Tuesday. In a written response to a question in Rajya Sabha, Science and Technology Minister Jitendra Singh said the Gross Expenditure on Research and Development (GERD) has been consistently following an increasing trend and during the last 10 years, the GERD of India in gross terms has increased by three times. However, the investments by the private sector to R&D have been inadequate. Unlike other advanced countries where more than 70 per cent contribution of GERD comes from the private sector, in India the private sector contribution to GERD is less than 40 per cent, he said. "As per the latest available R&D statistics, nearly 0.7 per cent of GDP (gross domestic product) is spent every year on R&D, including strengthening Science and Technology infrastructure during ...
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