Lifeboat Foundation

As compared to India, other BRICS nations — Brazil, Russia, China and South Africa — had spent more of their GDP on research. Most of the developed countries, in fact, spent more than 2 per cent of their GDP on R&D.

India’s gross research spending has consistently been increasing over the years but the country’s total expenditure on R&D continues to be less than 1 per cent of its gross domestic product (GDP) when other emerging economies, including China and Brazil, invest more money on this head.

Representative image.