Volume 1 Issue 2
Such a proud moment has come for India, to receive the Nobel Peace Prize! The whole world is celebrating this win. Our heartiest congratulation to both Kailash Satyarthi and Malala Yousafzai for their commendable work and achievement. But look at the irony; since 1947, not a single resident Indian has been awarded the Nobel in the stream of scientific discovery, despite India’s successes in space, astronomy, pharmaceuticals and the worldwide reputation of its USD100-billion IT industry. Three India-born scientists who have won Nobel Prize are recognized for their works done entirely outside India. No mathematician from India has yet been able to create the magic. Scientific research and development is almost nonexistent in the private sector of the country. Indian researchers get better recognition and work opportunities outside the country. Ph.D. is the word to give recognition to research capability. People like Bill Gates and Steve Jobs who are college drop outs, would probably have had no opportunities in India.
Research and Development (R&D) is yet to find a place in Indian system and its economic thought process. If we look at the R&D expenditure by public and private sectors as percentage of the GDP of leading research oriented countries, Israel contributes with 4.86% to R&D whereas Sweden contributes 3.75%, Finland and the US spend 3.46% and 2.82% of its GDP to research respectively, whereas in India, contribution towards R&D stands at a paltry 0.9% of the GDP, which is amongst the lowest in leading emerging economies.