India produces fewer than 1,000 Ph.Ds in engineering stream each year. This trend is partly because of the widespread notion that remuneration in a research career is below par, according to N. R. Narayana Murthy, chairman and chief mentor of Infosys Technologies Ltd.
While India is uniquely positioned to use technology for progress, it has in the recent past lagged behind in the quality and spread of science research, Murthy says. The need for a strong science eco-system based on a sound research foundation has an integral connect with India's development as a world power.
A report by India's Department of Foreign Affairs and Trade said that "the health of a nation depends, among other factors, on the health of the state of its science and technology." The importance of scientific and technological advancement in today's highly globalized environment cannot be overstated.
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