Rethinking innovation policy in India: Amplifying spillovers through contracting-out

R. A. Mashelkar (), Ajay Shah and Susan Thomas
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R. A. Mashelkar: Former DG, CSIR

No 32, Working Papers from xKDR

Abstract: At independence, India committed itself fully to foster, promote and sustain the creation of science and scientific research in all aspects. In this paper, we present first principles reasoning on the case for state action, and the optimal mechanisms for using taxpayer resources, to fulfill this commitment. We argue in favour of a reorientation of public spending on innovation: away from building vertical government organisations, and in favour of a contracting-out strategy. Such a strategy would induce knowledge and capabilities in the society, and through this, induce greater gains for the people of India. We present a preliminary sketch of the path to implementation.

JEL-codes: H11 H51 H52 H57 I18 I28 O32 O38 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2024-03
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