16/08/2022 - S & T

KEY POINTS

·        Research and innovation, fuelled by technology, will catalyse the kind of non-linear growth that will make the country one of the world’s top three economies and bring it closer to developed nation status by 2047.

·        The government aims to raise public spending on healthcare to 2.5 per cent of GDP by 2025.

·        India must aspire to raise healthcare spending to 5 per cent of GDP by 2047 to truly deliver standardised and quality universal healthcare.

·        India’s pharmaceutical industry is at the global forefront as “the Pharmacy of the World”, ranking third in terms of pharmaceutical production by volume.

·        Research Linked Incentives (RLIs) can provide the impetus for the pharma industry to increase R&D investments, as well as encourage greater industry-academia partnerships.

·        As a nation, we must give women the opportunities and freedom to engage in productive work in the economic mainstream and liberate them from the shackles of unpaid labour.

·        Female participation in the formal labour force in India is currently estimated at a dismal 24 per cent, among the lowest in developing nations.

·        To achieve the full potential of the opportunities offered by a green economy transition, India will need to formulate and implement environmental change policies that reconcile development and sustainability goals.

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