PM for spending 2% of GDP on science

  • HT Correspondent, Hindustan Times, Jammu
  • Updated: Feb 03, 2014 15:13 IST

Prime Minister Manmohan Singh on Monday announced another National Mission on High Performance Computing with an outlay of Rs 4,500 crore. He said the government was also considering the establishment of a National Geographical Information System, with an outlay of nearly Rs 3,000 crore.

The PM announced this in his address at the 101st Indian Science Congress being held at Jammu University here. This is the first time that the event is being held here.

The PM said though there was evidence of rejuvenation of research, annual expenditure on science and technology should be at least two percent of the country’s gross domestic product (GDP).

“To do science, someone must pay for it. We must increase our annual expenditure on science and technology to at least 2% of our GDP. This has to come from both government and industry. In countries such as South Korea, where a high percentage of the GDP goes to science, the contribution of the industry is indeed very significant,” he said.

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