India needs a fundamental change in the national innovation system to increase the share of GDP in manufacturing sector. Examine (200 Words)
Refer - Business Standard
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
Manufacturing as a share of output for India is around 15%, and hasn’t improved even after implementation of Make in India Scheme.
Changes needed to improve manufacturing sector
· Robust industry academia interface across country with help of organizations like Biotechnology Industry Research Assistance Council.
· Quality Indian firms with skill capabilities to address market demands in every sector.
· Reaping the demographic dividend by imparting the necessary skills to the youth via vocational educational training
· Strengthening of Intellectual property laws to boost Research and development in India.
· Research-intensive higher education institutes must provide a higher standard of graduates.
· Effective implementation of KIRAN (Knowledge, Involvement, Research, Advancement through Nurturing) to absorb more women scientists in to the research field.
· Combination of trade policy and firm strategy must push firms overseas, deploying their technical capability worldwide.
