Intellectual capital is a prime mover of economic activity. India has been moving up the value chain from merely being the world’s back office to the world’s leading R&D destination. This change can be attributed to a number of mutually reinforcing factors such as - availability of high quality human resource, improved infrastructure for research & development and proven excellence in bringing new innovation.Science and technology (S&T) capabilities are fundamental for social and economic progress in developing countries; for example, in the health sector, scientific research led to the development and introduction of oral rehydration therapy, which became the cornerstone of international efforts to control diarrheal .

Science & Technology Sector, Details