試す 金 - 無料
WE HAVE TO GET TO 4-5% OF GDP IN RESEARCH
Business Today
|February 23, 2020
While the Economic Advisory Council to the Prime Minister, in 2019, recommended that India more than double its expenditure on research and development (R&D) to 2 per cent of GDP by 2022, N.R. Narayana Murthy, the legendary founder of Infosys, thinks this wouldn’t be enough to solve the pressing problems facing the nation. He advises a much higher spending on research and stresses that taxpayers should fund not only applied research but also fundamental research, which can take several decades to show results. In an interview to Business Today’s Goutam Das on the sidelines of Infosys Prize, an annual award that honours achievements of researchers and scientists, Murthy also explained why India needs to change some of its cultural approaches to learning. Edited excerpts:

When one talks of nation building, there seems to be a tendency to look at applied research more than basic or fundamental research. From where India is right now, what sort of research do you think is more important?
In India, where there is a lot of poverty, and lots of other problems, we have to focus on solving the problems around us. For example, healthcare, education, agriculture, human work productivity, infrastructure are problems. These need solutions. To that extent, most focus should be on applied research. On the other hand, I would not want to distinguish between fundamental research and applied research because fundamental problems are ‘not-yet-applied research’ problems. Look at quantum mechanics. Without it, we wouldn’t have transistors, DVDs, laser printers or laser surgeries. We wouldn’t have quantum computers. Same thing with Einstein’s Theory of Relativity. It is used in GPS. We shouldn’t be hung up on fundamental research or applied research.
What would convince governments to look more at the necessity of fundamental research since it has long lead times?
We have to set apart a percentage of our GDP for solving long-term fundamental research problems. That will yield results, may be not in 10-20 years. Sometimes, they yield results in 50-100 years. But they will yield results. We have to do long-term planning. But we may set apart a larger percentage of GDP on solving problems that we see around us today.
Is there a percentage that you would recommend for a country like India? The country spends 0.7 per cent (of GDP) on R&D today.
このストーリーは、Business Today の February 23, 2020 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、9,500 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Business Today からのその他のストーリー

Business Today India
BREAKING THE SILICON CEILING
INDIA'S FIRST COMMERCIAL FAB IS FINALLY TAKING SHAPE, BUT BUILDING A RESILIENT SEMICONDUCTORS BASE WILL TAKE FAR MORE THAN JUST CAPITAL
10 mins
September 28, 2025

Business Today India
WAITING FOR THE IPO WINDFALL
LIGHTSPEED HAS QUIETLY EVOLVED ALONG WITH INDIA'S START-UP STORY, ARMED WITH A $2.3 BILLION PLAYBOOK. NOW, IT AWAITS THE ULTIMATE PRIZE: A MARKET-DEFINING IPO
7 mins
September 28, 2025

Business Today India
RIGHT ON TARGET
TARGET MATURITY FUNDS ARE A GOOD OPTION FOR PREDICTABLE RETURNS BUT IT'S IMPORTANT TO LOOK AT THE INDEX COMPOSITION AND CREDIT RATINGS OF ENTITIES WHOSE SECURITIES ARE INCLUDED IN THE BENCHMARK
6 mins
September 28, 2025

Business Today India
TO A GOOD TIME
DISCOVER THE CRISP, CITRUSY OR BITTER WORLD OF BEER THROUGH HOMEGROWN BRANDS
3 mins
September 28, 2025

Business Today India
PASSING THE BATON
INDIA'S FAMILY BUSINESSES ARE REWRITING THE RULES OF SUCCESSION—ELEVATING PROFESSIONALS, BUILDING FAMILY OFFICES, AND SEPARATING LEGACY FROM MANAGEMENT
6 mins
September 28, 2025

Business Today India
A RARE SHIFT
AS THE SHORTAGE OF RARE-EARTH MAGNETS TURNS INTO A FULL-BLOWN CRISIS WITH CHINA'S IMPORT RESTRICTIONS, DOMESTIC PLAYERS ARE LOOKING BEYOND TO SUCCEED WITH THEIR EV PLANS
5 mins
September 28, 2025

Business Today India
Put energy where you can be the best
PARTHA BASU | MD, ASHIRVAD BY ALIAXIS
1 mins
September 28, 2025

Business Today India
Thematic Investing: Spotting Structural Themes Before They Become Mainstream
It's a truth well acknowledged in the markets, that extraordinary wealth is created when the investors spot a powerful theme before it captures the imagination of the crowd. To ride such a wave in its infancy, is to participate in returns—so outsized that they defy neat calculation.
2 mins
September 28, 2025

Business Today India
INDIA'S ETHANOL DILEMMA
INDIA ACHIEVED A 20% ETHANOL BLENDING IN PETROL THIS YEAR, FIVE YEARS AHEAD OF SCHEDULE. WHILE IT IS AN IMPORTANT STEP TOWARDS REDUCING CRUDE OIL IMPORTS, AUTO OWNERS ARE COMPLAINING ABOUT REDUCED MILEAGE AND DAMAGED ENGINES. DOES INDIA'S ETHANOL POLICY NEED A TWEAK?
7 mins
September 28, 2025

Business Today India
"GST cut is the manifesto of 1.4 billion Indians"
Finance Minister Nirmala Sitharaman on GST rate cuts, lessons from Covid-19, and more
7 mins
September 28, 2025
Translate
Change font size