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HomeBusinessFunds for R&D has More than Doubled in last 7 Years for Six Major Scientific Agencies: Dr. Jitendra Singh

Funds for R&D has More than Doubled in last 7 Years for Six Major Scientific Agencies: Dr. Jitendra Singh

11 December 2021: Union Minister of State (Independent Charge) Science & Technology Dr Jitendra Singh said that the allocation of funds for R&D for the six major scientific agencies has increased from Rs.17,406.10 crore in 2014-15 to Rs.37,823.69 crore in 2021-22 (More than Double in last 7 years).

Minister said, the Government has consistently increased the allocation of funds for investment in R&D in the country. He also informed that the number of patent for new innovations granted to Indian scientists has more than doubled in 3 years as it increased from 2,511 in 2018-19 to 5,629 in 2020-21

He also informed that the number of scientists per million people in India is lower ascompared to other Asian countries, the Minister informed that as per the latest available UNESCO S&T Statistics, the number of research scientists per million people in India is 255, which is lower than countries such as Korea (7,498), Japan (5,304), Singapore (2,795), Malaysia (2,396) and China (1,225) but higher than Indonesia (216), Philippines (106), Sri Lanka (106) etc. in Asia.

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