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.