Don’t miss the latest developments in business and finance.

State spend on science research stagnant: Biocon chief

Image
IANS Bengaluru
Last Updated : Jun 25 2018 | 10:40 PM IST

Biotechnology major Biocon's Chairperson Kiran Mazumdar-Shaw on Monday lamented that the state's spend on science research has remained stagnant over the past few years.

"Public expenditures on research have been stagnant -- between 0.6 per cent and 0.7 per cent of the Gross Domestic Product (GDP) -- over the past two decades. There is a greater need for the state governments to augment their spends on science research," Shaw said addressing Indian Institute of Science's (IISc) convocation ceremony here.

Overall investments in science in terms of gross expenditure on research and development (GERD), however, has been increasing over the years, she said.

"The GERD has tripled in the last decade -- from nearly Rs 24,000 crore in 2004-05 to about Rs 100,000 crore in 2016-17."

Unlike other economies, the Indian government is the primary source of science research funding as well as the primary user of those funds, she noted.

"Private investments in research and development are not encouraging either."

Also Read

Quoting an analysis by a magazine, she said mere 26 companies were in the list of 2,500 research and development spenders across the world, compared to 301 Chinese companies, and that Indian universities also play a relatively small role in the country's research ecosystem.

"In most countries in the developed world, universities play a critical role in creating research talent and generating research output. Publicly funded research in India has universities largely playing a teaching role," she said.

The decision by the country which goes back to the 1950s of having Indian research institutes under different government departments and allowing universities to only teach has impaired both teaching and research in the country, Shaw said.

"This is one of the reasons why Indian universities are missing from various global rankings of top institutions of higher education."

--IANS

bha/him/

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jun 25 2018 | 10:36 PM IST

Next Story