New Delhi, Jan. 9 -- Dr RG Aggarwal, Chair-Agri-business committee of PHDCCI, on Friday said that India often speaks about building a strong innovation ecosystem, but on the ground, spending on Research and Development remains at just 0.7 per cent.
In an interview with UNI, Agarwal said, he hoped that the government will give significant support to research and development in order to spur innovation and economic growth, especially in the fields of agriculture and agro-based industries.
"The current spending on research is much lower than the spending seen in countries like China, Israel, US and the European economy. If India wants to seriously compete at the global level and push scientific investment, then higher investment in R&D is un...