Don't you think a lot has to do with regulatory cholestrol in Indian bureaucracy? The fact that government is subsidising Indian inc with PLIs is that there is something in India that is making it uncompetitive to produce in India as compared to other countries. We should try to pin point at those factors and do a root cause analysis of where the problem is stemming from, instead of doing ad hoc economic policymaking that Indian government usually ends up doing.
Dr. TV Somanathan has on occasions argued that the per INR impact/effect on R&D spending is far more than that of US or China. Further, does 'crowding in' really apply in the context of R&D? If no, shouldn't the private sector do overwhelming amounts of heavy lifting?
Don't you think a lot has to do with regulatory cholestrol in Indian bureaucracy? The fact that government is subsidising Indian inc with PLIs is that there is something in India that is making it uncompetitive to produce in India as compared to other countries. We should try to pin point at those factors and do a root cause analysis of where the problem is stemming from, instead of doing ad hoc economic policymaking that Indian government usually ends up doing.
Dr. TV Somanathan has on occasions argued that the per INR impact/effect on R&D spending is far more than that of US or China. Further, does 'crowding in' really apply in the context of R&D? If no, shouldn't the private sector do overwhelming amounts of heavy lifting?