Consider the following statements about innovation and research and development in India: 1. India's rank in Global Innovation Index reported by World Intellectual Property Organization (WIPO) has improved significantly between 2015 and 2024. 2. Funding of research and development is sourced primarily from private sector entities and is sectorally concentrated in pharmaceuticals and information technology. Which of the statements given above is/are <strong>CORRECT</strong>?
- A. 1 only ✓
- B. 2 only
- C. Both 1 and 2
- D. Neither 1 nor 2
Correct Answer: A. 1 only
Explanation
India's GII ranking has improved significantly (from 81 in 2015 to 39 in 2024). However, statement 2 is incorrect as R&D funding in India is primarily driven by the government/public sector, not the private sector.
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