India Spends Merely 0.6 Percent In R&D: Kris Gopalakrishnan, Co-Founder, Infosys
Government spends 0.6 per cent of the fund from entire 0.8 per cent CSR funds inflow for R&D. Things may only come up if they are properly discussed. NASSCOM foundation organised a much-awaited conference on CSR leadership in New Delhi, a city with hopes that is next to one of India’s IT hubs, Gurugram.
The inaugural session had its concentration on human-centered innovation. Addressing the session, Srikant Sinha, CEO, NASSCOM Foundation said that, with the fourth industrial revolution, technology can create history. The human-centered innovation aims to engineer and use new technologies like AI or Machine Language, Robotics and the latest buzzword Blockchain to address day-to-day problems. Sinha later focused upon the contribution of NASSCOM Foundation towards changing the societal fabric.
"India has to start thinking seriously towards R&D efforts that we are making as a compulsory attempt to bring human-centered innovation as an enabler for the large Indian population," said Kris Gopalakrishnan co-founder Infosys, one if the iconic IT giants of the world. Speaking with BW Businessworld, Kris had also raised his concerns that private sector players play a poor part in R&D activities in India, while government plays a more vital economic role. India is far behind the spending in R&D activities than that of China which spends more than four per cent or the USA which spends more than 6 per cent in R&D activities.
Kris has also revealed that for Indian masses a 600 USD income has gone up by three times and touched some 2000 USD in last 25 years that has increased the disparity in income. An all-inclusive approach is required for development in innovation and any such technology should also enable remote towns to be the part of the main stream.
Re-skilling has also emerged as a big factor of how innovation and technology can become an enabler for a developing nation as India said Krish in his address.
In the recent past, there has been quite a buzz around the Design Thinking process and the term raised in awareness, as many companies and corporate professionals started advocating for this approach, as an effective tool of improving or developing new products and services, best adapted to consumers’ needs.
The question and answer session also came up with a suggestion and an idea if how and why regional population can't be employed in IT-enabled services. It was also discussed that how the measures have started taking shape and Tier 2 or Tier 3 cities started mobilizing the local skilled population to get a job in IT services on walking distance.
The session had been addressed by Raman Roy Chairman & MD Quattro BPO solutions and Arun Seth Chairman of NASSCOM Foundation. A release of report concentrating upon e-waste recycling techniques.
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