Never miss a story

Get subscribed to our newsletter

India needs greater thrust on innovation. Pixabay

If India wants to become the third-largest economy in the world, the private sector must come forward when it comes to fostering innovation, as there is a dire need for boosting business sector contribution for Gross domestic expenditure on R&D (GERD) from the current 37 percent to close to 68 percent, the Economic Survey 2020-21 suggested on Friday. The Survey called for scaling up of business sector contribution to R&D by more than 50 percent.

“For India to become an innovation leader, its residents’ share in total patents applications filed in the country must rise from the current level of 36 percent, at a CAGR of 9.8 percent to reach the top 10 economies by 2030,” it noted.

Follow NewsGram on LinkedIn to know what’s happening around the world

The country should also focus on certain key areas for boosting innovation like the ease of resolving insolvency, ease of starting up a business, political and operational stability, and regulatory quality cost of redundancies that affect businesses. The Survey emphasized that India needs greater thrust on innovation to catapult itself to a higher growth trajectory.

India entered the top 50 innovating countries for the first time in 2020. Pixabay

“This requires boosting gross expenditure on R&D from 0.7 percent of GDP currently to at least the average level of Gross domestic expenditure on R&D (GERD) in other 10 economies of over two percent,” the survey noted.

ALSO READ: 2021 Will Drive The Next Level Of Innovation Across Sectors

India entered the top 50 innovating countries for the first time in 2020 since the inception of the “Global Innovation Index” in 2007, by improving its rank from 81 in 2015 to 48 in 2020. The country today ranks first in central and south Asia, and third among lower-middle-income group economies. However, said the Survey, India’s innovation ranking is much lower than expected for its level of access to equity capital.

It stated that the government sector contributes a disproportionately large share in total GERD at three times the average of other large economies. “However, the business sector’s contribution to GERD is among the lowest in India”. The business sector’s contribution to total R&D personnel and researchers also lags behind that in other large economies. (IANS)


Photo by Valeriia Kogan on Unsplash

Colorless chemicals were developed and mixed in varying ratios to dye hair.

A couple of years ago, finding a strand of grey hair meant visiting the parlor to cover it up. Women and men refused to admit their age, and refused to let it show. Be it moustache, eyebrows, or hair on the head, it was dyed a luscious black, or reddish-brown for those who wanted to go natural. Today, the trend of coloring hair has nothing to do with age. Young boys and girls sport bright colors and hairstyles, which is now a marker of how modern one can be.

This notion of modernity associated with neon streaks and an almost gothic look originates from the ancient Egyptian civilization, where it was considered fashionable to look different from the natural features one was born with. Kohl, lipstick, perfume, and makeup were the inventions of those who hoped to live even after death. Likewise, they were the first people to discover hair dye. Initially, they dyed their hair black, to cover the grey. They used compounds that were extracted from plants, but some of them were lethal. So, they took to extracting the color from fermented leeches.

Keep Reading Show less
Photo by Wikimedia Commons

One of the bookshop at Daryaganj, Chandni Chowk, Delhi.

The history of Daryaganj goes back to the era of Mughal dynasty, and so its history is as old as the old city of Shahjahanabad, now Chandni Chowk. Interestingly, this market was known as Faiz Bazaar in the Mughal era and was considered as an important commercial place.

In fact, at that time this area was very posh, and had beautiful houses on both sides of a stream from a hauz (meaning, water storage tank) flowing down the centre. Not only this, trees were lined up for shade and it looked like a marvellous garden had been turned into a market.

Keep Reading Show less
Photo by Ehimetalor Akhere Unuabona on Unsplash

Numerous young people carry on involving themselves with social media without even bothering to consider its effect on them.

Social media is an umbrella term that encompasses all apps, websites, and blogs that allow people from all over the world to interact through the internet. Anyone who wishes to use any social media platform must first sign up and then sign in to view content and communicate with other members of that social media platform. Facebook, Twitter, Instagram, WhatsApp, LinkedIn, and Snapchat are commonly used social media platforms. Social media, like all technological advancements, has both advantages and disadvantages.

Social media has become an essential aspect of life for many youths in today's society. Numerous young people carry on involving themselves with social media without even bothering to consider its effect on them. The consequences may be both good and bad at times. When it comes to the negative impact of social media on teenagers, the majority of the time, they are unfavourable if the activity is not linked with a commercial or professional objective.

Keep reading... Show less