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Tuesday, December 10, 2013

Global spending on R&D: 2014 forecast

The big news is that China spending on R&D could surpass USA by as early as 2020.
Leaving aside comparison with China, poor India's spending on R&D is not insignificant. In 2014 India is expected to spend $44 billion , that is same as that of U.K and much more than wealthy nations like Canada, Sweden, Netherlands, Australia and several times that of nations known for their innovation prowess like Israel, Finland, Taiwan,Singapore.
This raises issue on productivity/ return on R&D investment.

1. How is that despite spending 4 times higher than Israel, we have nothing to show in global market place?
2 .Even in research publications, Australia, Singapore and Taiwan are far ahead.

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