Research and Development is the key to unlock the potential of 'knowledge economy.' In this perspective, analyse the role of the National Research Foundation bill, 2023 in democratizing the research ecosystem in India.
Main Body
Budget 2023 has provided 50,000 crores for NRF to improve R&D in the country. R&D → unlocks knowledge economy 3 1) Employment improves (Technical professionals) Better R&D (4.7, of GDP) Fewer brain drain 2) Promotes knowledge diplomacy (India - US Transfer of technology, ICET) 3) Better higher education institutions (Improve GER from 28%, 50/, by 2035 by NEP) 4) Reduce brain drain (58 million loss in 2022) 5) Multiplier effect on industries (Investment on IPRT) → Drones in space, military, tourism
Role of NRF bill, 2023 in democratizing research ecosystem: 1) NRF bill, 2023 replaces SERB 3 → Statutory body to monitor and promote R&D body with vulnerable sectors in R&D ecosystem (BEST, KIRAN schemes) Creating research labs and apex on research (QuEST - Quantum technology) 2) Inclusivity of women and vulnerable sections in R&D ecosystem (BEST, KIRAN schemes) Creating research labs and apex on research 3) Creating research labs and apex on research (QuEST - Quantum technology) 4) Public awareness about necessity of research and a valid career choice and Internationalization of education (2 foreign units in GIFT city, Gujarat) Issues of NRF 3: 1) Focus on outlays than outcome (Announcement at 50,000 crores before establishing NEP) → Funds audited by CAG (LSIR-CCEB) and Independent appointment by search cum selection committee
— ATLA-THARUN-TEJA · AIR 123
Conclusion
19 words
ATLA-THARUN-TEJA
Science and Technology
STEM Research
National Research Foundation and knowledge economy
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