Dismiss Notice
Welcome to IDF- Indian Defence Forum , register for free to join this friendly community of defence enthusiastic from around the world. Make your opinion heard and appreciated.

Spirit of India: Ignited Minds

Discussion in 'World Economy' started by SpArK, Apr 19, 2010.

Thread Status:
Not open for further replies.
  1. SpArK

    SpArK SorCeroR Staff Member ADMINISTRATOR

    Joined:
    Apr 1, 2010
    Messages:
    4,159
    Likes Received:
    2,111
    Is it any wonder then, that the Economist Intelligence Unit's 2007 ranking placed India 57th and China 58th on the innovation scale but predicted, that at the present rate, by 2012, China would be 50th while India would move up only one rank. China, in particular, has overtaken India in technology intensive manufacturing that includes high-tech semiconductors and microchips to become the largest producer of electronics in the world. What's more, according to data from a US thinktank, Battelle Institute, India spends 0.9 per cent of GDP on R&D while China spends 1.5 per cent.
    As IIM-Bangalore professor and author of From Jugaad to Systematic Innovation, Rishikesha T. Krishnan points out, innovation in pre-liberalisation India was aimed at three things: import substitution, making use of local resources (such as Amul making milk powder from buffalo milk) and lowering costs. Post-1991, there have been innovations in various areas, especially transport and pharma, but not enough. Even though the Big Three IT giants-Infosys, TCS and Wipro-have developed the global delivery model that is a breakthrough in software solutions, India needs more innovation, especially in education and healthcare, where the challenges are to reduce costs and increase access. But there are several factors holding it back, ranging from a culture where risk-taking is not tolerated to an education system that tends to encourage rote learning. Yes, the Government has made efforts to support innovation, be it through the National Innovation Foundation (NIF) or the Technopreneur Promotion Programme. But their scale needs to be upped. Remember Leonardo da Vinci flourished as an inventor only when his father apprenticed him to the workshop of the renowned Andrea del Verrocchio at the age of 15.

    According to the Department of Science and Technology's 2007-08 statistics, investment in industrial R&D spending is dominated by two sectors, pharma (45 per cent) and transport (17 per cent). The rest is distributed over other sectors. This ratio has to become more equitable to encourage innovation in other sectors too. Only 26 per cent of the R&D spent is by the corporate sector, both public and private. In the private sector, a new breed of companies need to come up that are headed by young, technically qualified passionate people.





     
  2. Indian_Idol

    Indian_Idol 2nd Lieutant FULL MEMBER

    Joined:
    Apr 14, 2010
    Messages:
    126
    Likes Received:
    12
    mate, we dont want to put lots of money into R&D but need to bring the best out of allocated money... there is a lot of money wasted by corruption... it happens in every dept of our country... before taking any step towards development we should have very rigid anti-corruption policy.. only then the money would be utilized properly..
     
  3. SpArK

    SpArK SorCeroR Staff Member ADMINISTRATOR

    Joined:
    Apr 1, 2010
    Messages:
    4,159
    Likes Received:
    2,111
    If you note the innovations listed its mostly in private sectors, so the factor of corruption can be ruled out.
     
  4. Indian_Idol

    Indian_Idol 2nd Lieutant FULL MEMBER

    Joined:
    Apr 14, 2010
    Messages:
    126
    Likes Received:
    12
    my point is 0.9% of our GDP is not given to the private... and the private sectors dont research for the defence or for the dept of sci and tech.. so ofcourse corruption counts..
     
Thread Status:
Not open for further replies.

Share This Page