Unlocking potential: India and its innovation journey

While India has made considerable progress in terms of start-ups and producing unicorns, Ministry of Science and Technology data shows that the gross expenditure on R&D (GERD) has been a meagre 0.7% of its GDP with its GERD per capita being about 43 (in current PPP $). For India to boost its innovation culture, this percentage needs to increase.

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