As the world’s largest election kicks off this week, India has an opportunity to reimagine science funding. As the world’s largest election kicks off this week, India has an opportunity to reimagine science funding.
Thank you for visiting nature.com. You are using a browser version with limited support for CSS. To obtain the best experience, we recommend you use a more up to date browser . In the meantime, to ensure continued support, we are displaying the site without styles and JavaScript.India’s general election begins this week. Nearly one billion voters are eligible to go to the polls in a marathon exercise, starting on 19 April and ending on 1 June.
Opinion polls are projecting that an alliance of parties led by the incumbent Bharatiya Janata Party will win a third consecutive term against an alliance of opposition parties led by the Indian National Congress. The winner will take charge of the world’s fifth-largest economy. According to projections, India could become the third-largest economy, behind China and the United States, by the end of the decade.
. In this editorial, we discuss a third aspect: how to bridge the funding gap. One thing India’s government can do is to boost science spending by encouraging businesses to contribute more, as is the case for other leading economies . If policymakers and industrialists can get this right, an opportunity to put rocket boosters under the country’s impressive scientific achievements is there for the taking.There is, indeed, much to build on.
In 2022, the average R&D expenditure of the 38 high-income countries in the Organisation for Economic Co-operation and Development was around 2.7%, according toIn absolute terms, India’s science spending, adjusted for purchasing power parity , increased from the equivalent of US$50.3 billion in 2014–15 to $57.9 billion in 2020–21,. PPP is a measure of the buying power of a currency in different countries.
Last August, the Indian parliament approved a bill authorizing the establishment of a funding agency, the Anusandhan National Research Foundation . It was charged with disbursing 500 billion rupees to universities and laboratories over 5 years — with 70% of it from non-governmental sources, such as philanthropists and industry. Once established, the ANRF must, once and for all, break perceptions about the neglect of basic research. But ANRF is still only one piece in a larger jigsaw puzzle.
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