RESEARCH INNOVATION

TEAM MEMBERS : 1. MEGHA AGARWAL 2. JYOTI HAZRATI 3. KHUSH BATRA 4. KAVITA RAWAT 5. JYOTI DUA

Forty years ago, the research world looked an exciting but relatively homogeneous place. Significant discoveries were numerous, but most occurred in the well-established economies of Europe and North America As clear from the graph, India has been at the end since the beginning and has literally struggled in this field.

Annual change in Gross Expenditure on Researc h & Development (GERD) as a percent age of national Gross Domestic Product (GDP)

NUMBER OF RESEARCHERS PER COUNTRY

To promote to familiarize with them so they can have a better unresearch and development In India, we should import all the latest available equipments from the western countries and researchers should be allowed derstanding of the inventions going around the world and its when yu see such things happening that you tend to come up with something innovative.

Also to promote researchers, the admission procedure at IISC should be a bit more flexible so that anyone with a bright mind and zeal for

science is eligible for admission.

Top researchers should be facilitated in the same way as those in the defence services.

THE FUTURE IDEOLOGY

Only those researchers who really are in the process of a new progress should be provided funds for the

project so all the researchers are bound to work hard for achieving succeess.

ACADEMIC IMPACT

ECONOMIC IMPACT

Implementation To improve the drastic situation we are facing right now, all of us should come together and the so we should be more keen to do the same.

Government should understand the fact that until the youth is made aware of any new idea, it will not be possible for the country to rise up and adopt that idea

Youth on the other hand should realize the fact that it is now their turn to give back to the country what they have taken from it and that it is their responsibility to complete the job they are assigned.

Government should be in touch with the leading countries in the field of research and should organise frequent visits for our researchers to visit them and aquire the skills required.

Government should maintain a separate fund for the research purpose so that the researchers are not barred by lack of money.

Support Advanced Vehicle Technologies

Renew our commitment to medical research

1. Invest in the Building Blocks of Innovation. We must first ensure that our economy is given all the necessary tools for successful innovation, from investments in research and development to the human, physical, and technological capital needed to perform that research and transfer those innovations.

2. Promote Competitive Markets that Spur Productive Entrepreneurship. It is imperative to create a national environment ripe for entrepreneurship and risk taking that allows companies to be internationally competitive in a global exchange of ideas and innovation. Through competitive markets, innovations diffuse and scale appropriately across industries and globally.

3. Catalyze Breakthroughs for National Priorities. There are certain

sectors of exceptional national importance where the market is unlikely to produce the desirable outcomes on its own. These include developing alternative energy sources, reducing costs and improving lives with health IT, and manufacturing advanced vehicles. In these industries where markets may fail on their own, government can be part of the solution.

EXECUTIVE SUMMARY

A strong economy, but too reliant on precarious, bubble-driven growth, is unsustainable

A short-term focus has neglected essential fundamental investments

The problems persist when students look toward continuing their education past high school. The average tuition and fees at public, four-year institutions rose 26 percent between the 2000-2001 school year and the 2008-2009 school year. As a result, while 94 percent of high school students in the top quintile of socioeconomic status continue on to post-secondary education, barely half of those in the bottom quintile do so. Our physical and technological infrastructure has been neglected, threatening the ability of American businesses to compete with the rest of the world.

REFERENCES :

1.de Serres, A., S. Kobayakawa, T. Sløk and L. Vartia (2006) Regulation of Financial Systems and Economic Growth, OECD Economics Department Working Paper No. 506, August 2006. www.olis.oecd.org/olis/2006doc.nsf/linkto/ECO-WKP(2006)34.

2.Warda, Jacek, JW Innovation Associates, Inc. (2006) Tax Treatment of Business Investments in Intellectual Assets, An International Comparison, STI Working Paper 2006/4, OECD, Paris, www.oecd.org/dataoecd/53/4/36764076.pdf.

3.Beine, Michel, Frederic Docquier, and Hillel Rapoport (2001). “Brain drain and economic growth: theory and evidence”, Journal of Development Economics, 64: 275-289.