Introduction to innovation landscape in IndiaAs you sit and read this post, India is slowly and gradually and steadily attaining a supply of innovation and research destination on the globe. Top firms from around the world have setup their research and improvement centres in India stands testimony to our analysis talent. The growth and output from these research and innovation centres are monumental and we will sustain the development by driving the excellence inside our establishments by collaborations amid market-academia, friendly government insurance policies in direction of innovation encouraging the innovators to pursue their Concepts to fruition.
In comparison with the developed nations around the world like US, Japan and BRICKS India ranks fourth on the amount of investigate output and second around the compound once-a-year expansion rate parameter having a CAGR of 6%. Increase in investments from The federal government as well as Sector will bolster The expansion of such numbers Later on.
Degree of investigation output in India is distribute throughout 22 Necessary Science Indicator(ESI) classes and the overall study target is according to the worldwide investigate concentrate which puts India in fantastic stead in the future as far as innovation is concerned.
Remaining aligned with the global investigation aim really helps to be suitable to the worldwide exploration Neighborhood and to collaborate on the prevalent areas of analysis emphasis. Having said that, It is usually significant which the analysis and innovation community addresses the nationwide challenges and regions of curiosity when defining and prioritizing their research concentrate.
India ranks seventh in the quantity of patent programs submitted on the globe and has registered a formidable 17% CAGR in the volume of patents filed in the last five years. But the quantity of patents granted has found a CAGR of only three% which can be worrisome variable.
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