World Bank

Should India spend more of its GDP on research and development?

According to the World Bank (2015 data) India spends 0.63% of its GDP on research and development. This is much lower than the World average (2.23%). Other countries that have similar fractions of GDP allocated to R&D include Latvia, Thailand and Tunisia. Consequently, there have been several claims, primarily from the scientists (e.g. this and […]