#GlobalInnovationIndex2022 #India ranks 40

♦️ #GlobalInnovationIndex2022

〰️#India ranks 40

Far behind China, UAE, Malaysia, Turkey

India's gross expenditure on research and development (R&D) is one of the lowest in the world, with just $43 per capita, according to NITI Aayog's India Innovation Index 2021.

This shows that India needs to boost this expenditure and at least be on a par with its BRICS or ASEAN counterparts like Russia ($285), Brazil ($173), and Malaysia ($293), the government think tank says.

India's gross expenditure on R&D (GERD) as a percentage of GDP has been consistent and hovered around 0.7% for about a decade. This is even lower than Brazil (1.16%), South Africa (0.83%) and others

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