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Government to increase R&D spend to 2% of GDP

Government to increase R&D spend to 2% of GDP

Friday, April 7, 2017, 8:35 AM

The Centre has decided to increase research and development funding from the current 1% of GDP to 2% from this year onwards, said Department of Science and Technology Secretary Ashutosh Sharma. Speaking at the Global R&D Summit 2017, organised by Department of Science and Technology, Government of India and Ficci, Sharma said that increase in the R&D funding is primarily to focus on innovation.
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