A global perspective on innovation

India's technology spend does not reflect the true picture. It has the talent to become a research powerhouse

The ongoing Covid-19 pandemic has once again focused attention on the importance of science and research for society and general economic progress. Researchers all over the world are scrambling to find a vaccine or a cure for the virus. Many technological trends have been accelerated as companies globally have been forced to adapt to the lockdown. Technology has never been more important, be it in e-commerce, education or tele-medicine. In fact, technology spend has decoupled from the global gross domestic product growth and is experiencing a V-shaped recovery as most companies are having to ramp up their spending on digitalisation