Research and development in India in the field of science and technology has been continuously gaining success since independence. There are enormous opportunities in India for students, researchers and scientists. India is currently considered as the world’s largest knowledge based economy.
According to a report released by the World Bank, India already has many highly educated and vocationally qualified people who are making their mark, domestically and globally, in science, engineering, information technology (IT), and research and development (R&D). But they represent only a small fraction of the total population. “To create a sustained cadre of 'knowledge workers,' India needs to make its education system more demand driven to meet the emerging needs of the economy and to keep its highly qualified people in the country,” suggests Anuja Utz, co-author of the report.
According to Raghunath A. Mashelkar, Director General of the Council of Scientific & Industrial Research – 'Multinational companies are locating their R&D resources in India to create proprietary knowledge for private good – that is, for the stockholders – through private funding. However, my dream is to create a global knowledge pool for global good through global funding. Here, India can become an agent for change. This global-good perspective could become the case in diverse sectors ranging from biotechnology to information technology to space research'.