Subject: Economics
Book: Comprehensive Indian Economy
Investment in R&D fosters technological advancement, higher productivity, and global competitiveness. India’s R&D spend remains modest compared to developed nations, concentrated in defense and space. Private sector involvement is growing in pharmaceuticals, IT, and automotive sectors. Government initiatives like Make in India, Atal Innovation Mission, and dedicated innovation labs encourage startups, but bridging lab-to-market gaps remains a challenge. Exam queries might revolve around IPR regimes, venture capital ecosystems, and the link between university research and commercial products. Strengthening patent enforcement and building a robust knowledge economy is a strategic imperative for higher-value exports.
Which term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhat does “balance of trade” refer to?
View QuestionWhich of the following sectors contributes the most to India’s GDP?
View QuestionWhat is the main function of the Reserve Bank of India (RBI)?
View QuestionWhat does the “Phillips Curve” show?
View QuestionWhat is meant by “structural unemployment”?
View QuestionWhat is a “repo rate”?
View QuestionWhat is the primary goal of a progressive tax system?
View QuestionWhat is the purpose of the "Minimum Support Price" (MSP) in India?
View QuestionWhich of the following is an example of a non-renewable resource?
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