brain gain

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brain gain

  1. 1. POOR RESEARCH INFRASTRUCTURE A PUBLIC PRIVATE PARTNERSHIP MODEL WITH CENTRALIZED MONITORING AND CONTROL TEAM DETAILS : 1. Agraja Pandey ( Lucknow University MBA ) 2. Sanskriti Yadav ( Lucknow University MBA ) 3. Nikhil Dhawan ( Lucknow University MBA ) 4. Deeksha Gupta ( Lucknow University MBA ) 5. Sarvesh Prasad ( Lucknow University MBA ) 1
  2. 2. 2 Despite India’s population is 17% of world’s total : There are barely 300,000 scientific R&D personnel in India. That represents a disappointingly low ratio of around 7.5 R&D staff per 10,000 workforce. And, according to the India Science Report, published by the National Council of Applied Economic Research in 2005, only 53 per cent of the five million people working in S&T related professions hold degrees. India filed only 0.3% of the total world patents in 2010 and accounts for a meager 3.5% of all global research output. India spent only 2.9% of the world’s total expenditure on research against China which spent 14.2%. “ the innovation front in India continues to be penalized by deficits in human capital and research; infrastructure and business sophistication, where it comes last among BRICs (Brazil, Russia, India & China), and in knowledge and technology outputs, where it comes in ahead of Brazil only. ” - Times Magazine “ in India, the innovation ecosystem (input) is poor and we need better government measures on regulations, education and infrastructure to tap the demonstrated potential of talented people. ” -Gopichand Katragadda MD of General Electric John F. Welch Technology Center Bangalore “ The lack of infrastructure support for innovation in India is a key stumbling block. ” -Sam Pitroda The National Knowledge Commission. “ report suggests that India may become the first “BRIC” country (Brazil, Russia, India and China) to lose its investment grade rating. While it remains to be seen if India can escape this ignominy, the country has earned another dubious distinction: It ranks the lowest among the BRIC nations on the Global Innovation Index 2012. ” - The Times
  3. 3. 3 The education system fails to promote any sort of innovation as they are built on a system of getting a “job” after graduating rather than beginning and managing ones own business. CAUSES Students moving away from S&T to work in other sectors within the country - we lack courses that provoke creativity and campaigns that promote creative thinking as a future long-term profession. Bain drain overseas ( Internal or 'inter-sectoral' brain drain ) Indian society are risk-averse - This lack of tolerance toward failure instills the fear of taking risks., thus making it difficult to generate innovative ideas or to promote existing ones. Lack of necessary support mechanisms that foster commercialization and innovation - research funds, venture capital funds, and start-up capital, as well as awareness programs and initiatives. Most people do not have the means to start their own business and banks are somewhat reluctant in giving loans to something “innovative.”
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