India needs greater thrust on innovation to become the third largest Economy, especially from the private sector

India needs greater thrust on innovation to become the third largest Economy, especially from the private sector https://www.taxtmi.com/news?id=23602 The Economic Survey 2020-21 calls for a significant increase in gross domestic expenditure on R&D (GERD) and a major rise in private sector contribution and R&D personnel to strengthen innovation. It emphasises raising residents' share in patent filings and accelerating patent growth, while targeting institutional reforms-insolvency resolution, ease of starting businesses, stability, and regulatory quality-to improve business sophistication and enable private sector led R&D expansion. en-us Fri, 29 Jan 2021 16:45:00 +0530 Fri, 29 Jan 2021 16:45:00 +0530 TaxTMI RSS Generator India needs greater thrust on innovation to become the third largest Economy, especially from the private sector https://www.taxtmi.com/news?id=23602 The Economic Survey 2020-21 calls for a significant increase in gross domestic expenditure on R&D (GERD) and a major rise in private sector contribution and R&D personnel to strengthen innovation. It emphasises raising residents' share in patent filings and accelerating patent growth, while targeting institutional reforms-insolvency resolution, ease of starting businesses, stability, and regulatory quality-to improve business sophistication and enable private sector led R&D expansion. News - Fri, 29 Jan 2021 16:45:00 +0530 https://www.taxtmi.com/news?id=23602