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Kerala PSC Indian Economy Book Study Materials Page 302
Book's First Page10.6 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