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Synopsis

India achieved a significant milestone with the successful landing of the Vikram lander near the lunar south pole last year, showcasing its capabilities in space exploration. However, despite such achievements, India ranks relatively low at 40th on the Global Innovation Index, with research and development (R&D) expenditures stagnating at around 0.6% of GDP.

By & , ET CONTRIBUTORS
5 mins read, Last Updated:
With Vikram lander's soft landing near the lunar south pole last year, India became a league of its own. And, yet, it ranks 40th on the Global Innovation Index. Isro-like successes remain isolated. R&D expenditures in India have stagnated at about 0.6% of GDP. While there is a need to increase public sector spending on R&D, it is often argued that private sector should step up its investments. Paradoxically, while MNCs are increasingly

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