Science Research Updated Kiran Mazumdar.
Kiran Mazumdar Reflect Biotechnology at Bengaluru.
Bengaluru, June 25 (IANS) Biotechnology major Biocon's Chairperson Kiran Mazumdar-Shaw on Monday lamented that the state's spend on science research has remained stagnant over the past few years.
"Public expenditures on research have been stagnant -- between 0.6 per cent and 0.7 per cent of the Gross Domestic Product (GDP) -- over the past two decades. There is a greater need for the state governments to augment their spends on science research,
Overall investments in science in terms of gross expenditure on research and development (GERD), however, has been increasing over the years, she said.
"The GERD has tripled in the last decade -- from nearly Rs 24,000 crore in 2004-05 to about Rs 100,000 crore in 2016-17."
Unlike other economies, the Indian government is the primary source of science research funding as well as the primary user of those funds, she noted.
Post a Comment