2. Forty years ago, the research world looked an exciting but relatively homogeneous
place. Significant discoveries were numerous, but most occurred in the well-
established economies of Europe and North America As clear from the graph, India
has been at the end since the beginning and has literally struggled in this field.
Annual change in Gross Expenditure on Researc h & Development (GERD) as a percent age of national Gross
Domestic Product (GDP)
4. To promote to familiarize with them so they can have a
better unresearch and development In India, we
should import all the latest available equipments
from the western countries and researchers should be
allowed derstanding of the inventions going around
the world and its when yu see such things happening
that you tend to come up with something innovative.
Also to promote researchers, the admission
procedure at IISC should be a bit more flexible
so that anyone with a bright mind and zeal for
science is eligible for admission.
Top researchers should be facilitated in the
same way as those in the defence services.
THE FUTURE IDEOLOGY
5. Only those researchers who really are in the process of
a new progress should be provided funds for the
project so all the researchers are bound to work hard
for achieving succeess.
7. Implementation
To improve the drastic situation we are facing right now, all of us should
come together and the so we should be more keen to do the same.
Government should understand the fact that until the youth is made aware
of any new idea, it will not be possible for the country to rise up and adopt
that idea
Youth on the other hand should realize the fact that it is now their turn to
give back to the country what they have taken from it and that it is their
responsibility to complete the job they are assigned.
Government should be in touch with the leading countries in the field of
research and should organise frequent visits for our researchers to visit
them and aquire the skills required.
8. Government should maintain a separate fund for the research
purpose so that the researchers are not barred by lack of money.
Support Advanced Vehicle Technologies
Renew our commitment to medical research
9. 1. Invest in the Building Blocks of Innovation. We must first ensure that
our economy is given all the necessary tools for successful innovation,
from investments in research and development to the human, physical,
and technological capital needed to perform that research and transfer
those innovations.
2. Promote Competitive Markets that Spur Productive
Entrepreneurship. It is imperative to create a national environment ripe
for entrepreneurship and risk taking that allows companies to be
internationally competitive in a global exchange of ideas and innovation.
Through competitive markets, innovations diffuse and scale appropriately
across industries and globally.
3. Catalyze Breakthroughs for National Priorities. There are certain
sectors of exceptional national importance where the market is unlikely to
produce the desirable outcomes on its own. These include developing
alternative energy sources, reducing costs and improving lives with health
IT, and manufacturing advanced vehicles. In these industries where
markets may fail on their own, government can be part of the solution.
11. A strong economy, but too reliant on precarious, bubble-driven growth, is
unsustainable
A short-term focus has neglected essential fundamental investments
The problems persist when students look toward continuing their education past
high school. The average tuition and fees at public, four-year institutions rose 26
percent between the 2000-2001 school year and the 2008-2009 school year. As a
result, while 94 percent of high school students in the top quintile of
socioeconomic status continue on to post-secondary education, barely half of
those in the bottom quintile do so.
Our physical and technological infrastructure has been neglected, threatening the
ability of American businesses to compete with the rest of the world.
12. REFERENCES :
1.de Serres, A., S. Kobayakawa, T. Sløk and L. Vartia (2006) Regulation of
Financial Systems and Economic Growth, OECD Economics Department
Working Paper No. 506, August 2006.
www.olis.oecd.org/olis/2006doc.nsf/linkto/ECO-WKP(2006)34.
2.Warda, Jacek, JW Innovation Associates, Inc. (2006) Tax Treatment of Business
Investments in Intellectual Assets, An International Comparison, STI Working
Paper 2006/4, OECD, Paris, www.oecd.org/dataoecd/53/4/36764076.pdf.
3.Beine, Michel, Frederic Docquier, and Hillel Rapoport (2001). “Brain drain
and economic growth: theory and evidence”, Journal of Development
Economics, 64: 275-289.
