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OECD Science, Technology and Innovation Outlook 2016

image of OECD Science, Technology and Innovation Outlook 2016

The fully revamped and re-titled OECD Science, Technology and Innovation Outlook is a biennial publication that aims to inform policy makers and analysts on recent and future changes in global science, technology and innovation (STI) patterns and their potential implications on and for national and international STI policies. Based on the most recent data available, the report provides comparative analysis of new policies and instruments being used in OECD countries and a number of major emerging economies (including Brazil, China, India, Indonesia, the Russian Federation and South Africa) to boost the contribution of science and innovation to growth and to global and social challenges. In this edition, detailed country and policy profiles are available on line.

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India

India is one of the world's largest, fast-growing emerging economies, with a rapidly increasing population. Thanks to strong economic growth for nearly a decade, poverty has been cut in half. Growth faltered between 2012 and 2014 when it picked up again. Future growth prospects look good, although poverty continues to be a major challenge. Despite the abundant supply of a large, low-cost labour force, recent economic growth has relied mainly on capital investments and skilled labour. Innovation is seen as critical to India’s socioeconomic development. Through its national strategy, Decade of Innovations 2010‑20, the government aims to strengthen S&T capacities based on “a strong and visible Science, Research and Innovation System for High Technology-led path for India” (SRISHTI). The goal is to raise gross domestic expenditure on R&D to 2% of GDP with a doubling of the business contribution by 2020. The 12th Five‑Year Plan (2012‑17) emphasises reinforcing India’s education system, boosting investment in S&T and fostering translational research.

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