10.6 ndian onom
consistently at 1.5 per cent over the last of big data analytics in healthcare and
two years with focus on building digital cyber security.
first R&D organizations. The total R&D Ministry of Environment, Forest and
Globalization and Services opportunity in Climate Change (MoEFCC) is promoting
2016 was estimated at US$ 232 billion, development of new generation of
and is projected to reach US$ 289 billion refrigerants as alternatives to the presently
by 2021. used hydro-fluro-carbons (aimed at
Embedded and Software engineering protecting ozone layer and climate).
constitute 76 per cent of the R&D With the active support of the Government
outsourcing market. On the geographical the R&D sector in India is all set to witness robust
spread, India, Western Europe and North growth in the coming years. According to a study
America capture 75 per cent of the global (Economic Survey 2017-18) by management
Engineering R&D Services market. consulting firm Zinnov, engineering R&D market
India’s Engineering R&D (ER&D) in India is estimated to grow at a compound annual
globalization and services market, which growth rate (CAGR) of 14 per cent to reach US$
currently stands at about US$ 22 billion, 42 billion by 2020.
is expected to reach US$ 38 billion by
2020. Space ServIceS
As per the latest Global Competitiveness India’s space programme contributes to the
Report 2017-18, India’s capacity for development of the economy in several ways.
innovation has been lower than that of Satellite based mapping and launching services are
many countries like the USA, the UK, the two areas in which India is making a mark and
South Korea, but better than China’s. has huge potential for the future. Major features
In terms of university–industry (as per the Economic Survey 2017-18) of India’s
collaboration on R&D, India ranks space services are as given below:
better than all other BRICS countries In Satellite Mapping, there has been a
and in terms of availability of scientists decline in the foreign exchange earnings
and engineers, it ranks better than other in recent years, primarily due to free and
BRICS countries except China. open data policy adopted by many space
agencies. India is negotiating with the
In terms of patents applications per million
customers for renewal of contracts.
population, India significantly lags behind
other BRICS countries and in terms of ISRO is pursuing a project to support
company spending on R&D, India ranks ASEAN Member states including
Myanmar to receive and process data
marginally below China.
from Indian remote sensing satellites
The Government has taken many initiatives (Resourcesat-2 and Oceansat-2) and
in recent times to promote the R&D sector in also to provide training in space science,
India— technology and applications for the
Atal Innovation Mission (AIM) has been benefit of the ASEAN member countries.
established in the NITI Aayog. Antrix (the marketing arm of the ISRO)
Indo-Israel agreement has been signed to is currently enables (exports) direct
enhance new R&D projects in the areas reception and processing of data from