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ARTHA

R&D as a Driver of

Economic Resilience

T he total investment in R&D in India is and genetic engineering are also
estimated at about Rs 1.3 trillion in
important for a country like India, with a
2023-24 with about 57.0 per cent of
funding from public sources. Close to 60.0 sizeable population of 1.4 billion.
Compared to our success in some
per cent of this Government funding is by strategic domains, India still needs to
strategic departments of the Government catch up in other important technologies
which include the Defence Research and impacting the lives of its citizens. Not
Development Organization (DRDO), catching up has significant cost
Department of Space (DoS) and implications. India imported about
Department of Atomic Energy (DAE). Some US$90 billion worth of electronics goods
of the successful technologies and in 2023-24, even as we are ramping up
Mr Kris Gopalakrishnan products that have sprung out of this our electronics manufacturing capability.
Past President, CII funding include indigenous missile systems,
Chairman, CII National remote sensing and communications A useful way to see what focused,
Task Force on Genomics & satellites, and nuclear power plants. long-horizon R&D can unlock is to study
Co founder, Infosys economies that turned research depth
into industrial leadership. Taiwan's
Successful technologies that prowess in semiconductor
have sprung out of public manufacturing can be traced to its R&D
R&D funding span across institutions that nurtured both research
missile systems, and talent development in electronics
without depending on excessive foreign
communication satellites, and aid, public or private. The Industrial
nuclear power plants Technology Research Institute (ITRI)
was their flagship R&D organization. ITRI
has nurtured both Taiwan Semiconductor
While these technologies are strategically Manufacturing Company (TSMC)- the
important, other technologies like world’s largest fab and United
semiconductors and integrated circuits, Microelectronics Corporation (UMC)- the
nanotechnology, artificial intelligence (AI), world’s fourth largest fab.

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