India lags in spending on research and development
Investments in Research & Development (R&D) as % of GDP, 2015
Government
Business
University
Private not profit
USA
0.32
1.99
0.37
0.12
China
0.32
1.54
0.14
0
India
0.48
0.28
0.03
0
In India, government funds 60% of R&D, while the corresponding share is only 16% and 11% respectively in China and USA.
