Average<\/a> of 0.7% of GDP and 2-3% of state GDP in the next five years, “additional funding from state government agencies is proposed to go up by 0.1% of state GDP every year.” Given that the state GDP was Rs 20.5 lakh crore in 2021-22, 0.1% of that would be about Rs 2,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"WithKarnataka‘s tech ecosystem moving up the value chain, the plans to strengthen the state’s R&D capabilities by spending an additional Rs 2,000 crore annually on the segment. That’s part of the government’s new Research, Development and Innovation Policy announced at the 25th edition of theBengaluru Tech Summit(BTS) that began here on Wednesday. The objective of … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1098],"tags":[859],"class_list":["post-10160","post","type-post","status-publish","format-standard","hentry","category-karnataka","tag-16-11-22"],"yoast_head":"\nKarnataka govt to up R&D spend by Rs 2,000 crore a year - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/karnataka-govt-to-up-rd-spend-by-rs-2000-crore-a-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karnataka govt to up R&D spend by Rs 2,000 crore a year\" \/>\n<meta property=\"og:description\" content=\"WithKarnataka‘s tech ecosystem moving up the value chain, the plans to strengthen the state’s R&D capabilities by spending an additional Rs 2,000 crore annually on the segment. 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