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Indian President stresses need for more investment in research

Xinhua, June 9, 2016 Adjust font size:

Indian President Pranab Mukherjee has emphasised the need for more investment in research and development, lamenting that the country pays little attention to research.

"Only 0.6 percent of our GDP (Gross Domestic Product) is spent on research as compared to 2.8 percent of China's 10.38 trillion economy, 3 percent in Japan and 5 percent in the U.S.," he was quoted by the media as saying at a function in the national capital Wednesday.

He added "If we have to create a knowledge society, we must invest more in research and development."

Despite India having 757 universities and over 38,000 colleges, President Mukherjee expressed concerns about the quality of education being imparted in the country.

"Issues relating to quality and excellence are one of the biggest challenges, yet to be addressed comprehensively. Today, in the absence of adequate number of good quality educational institutions, around two lakh students go overseas to study," he added. Endit