The expenditure on the research and innovation in India, at present, is only____________% of GDP.

Correct option is B

At present, India's expenditure on research and innovation is only 0.69% of GDP. This figure highlights India's relatively low investment in research and development (R&D) compared to other major economies. Despite the country's efforts to enhance its innovation capabilities, the percentage of GDP spent on R&D remains below the global average. The government and private sector are making efforts to increase this percentage to foster innovation, improve productivity, and enhance the overall economic competitiveness of the nation.
Information Booster:
1. India's R&D spending at 0.69% of GDP is lower than countries like the US (around 2.8%) and China (over 2%).
2. Low R&D expenditure is often cited as a factor limiting India's ability to compete in technology and innovation globally.
3. The Atal Innovation Mission and initiatives like Startup India aim to improve innovation ecosystems.
4. India's investment in science and technology is crucial for advancements in fields like biotechnology, pharmaceuticals, and information technology.
5. Government bodies like the Department of Science and Technology (DST) and CSIR play key roles in promoting research.
6. The National Education Policy 2020 emphasizes the importance of increasing investment in research and innovation.