Science and Technology

India is among the top-ranking countries in the field of basic research. India has a strong network of science and technology institutions and trained manpower. It has the third-largest scientific and technical manpower in the world with 162 universities awarding over 4,000 doctorates degrees and 35,000 post graduate degrees annually. India ranks third among the most attractive investment destinations for technology transactions in the world. India ranks 6th position for scientific publications and ranks at 10th for patents which included only resident applications. India’s R&D investments forecasted to increase to US$ 94.06 billion in 2019 from an estimated US$ 86.24 billion in 2018. R&D investments has helped Indian companies to overcome tight competition with affordable products internationally. India is the top exporter of IT products and has the third largest pharma sector and a fast growing contract research segment. The Government of India unveiled the National Digital Communications Policy, 2018 in September 2018. The policy aims to attract a US$ 100 billion worth of investments and generate 4 million jobs in the sector by 2022. Government of India, through the Science, Technology and Innovation (STI) Policy-2013, among other things, aspires to position India among the world’s top five scientific powers. Indian Space Research Organisation (ISRO) will launch its first Indian human mission by 2022.

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