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India is gaining on China's public spending on agriculture R&D

Published by , Assistant Editor
World Fertilizer,

Participating in a panel discussion, Niti Aayog member Ramesh Chand, stated that India's public spending on agriculture R&D is starting to rival that of China.

The Economic Times states that "Chand said the food demand is set to rise with increase in population and the technology innovation will be a key driver to achieve the desired production."

"The report says that India's public spending is 4% of farm GDP on agri R&D whereas Brazil spends much more. But public spending on agri R&D is still not that bad here. We are not far behind China," Chand added.

Chand also went on to state that although public investment in agriculture R&D is rising in India, private investment in farm research is still comparatively low compared to China.

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