Research Funds Increased by Rs 135 Crores in India

by Mohamed Fathima S on  January 24, 2019 at 9:26 AM Indian Health News
RSS Email Print This Page Comment bookmark
Font : A-A+

Since 2009, the public funding in India has increased significantly by Rs 135 crore in the field of research and development for neglected diseases, reveals a new report.
Research Funds Increased by Rs 135 Crores in India
Research Funds Increased by Rs 135 Crores in India

The report conducted by G-Finder a project that tracks and reports on global investments into research and development (R&D) for neglected diseases which was released on Wednesday suggested that funding from Indian Council of Medical Research (ICMR) increased by Rs 147 crore.

"In 2017, India was the fourth-largest funder by absolute funding and proportion of GDP and accounted for almost three-quarters (Rs 492 crore) of the public funding from low income and middle income countries," the report stated.

The report also suggested that ICMR is one of the four largest global TB R&D funders for the first time ever, with an increase of Rs 39 crore in investment.

ICMR has also increased its funding for research and development for dengue and leptospirosis by Rs 6.5 crore and Rs 9.1 crore respectively.

Globally, the money invested in research and development has reached USD 3.5 billion, an increase by 7 per cent from the previous year.

The largest funder, as per the report is the US government, which through its National Institutes of Health provided 39 per cent of the total.



Source: IANS

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
Notify me when reply is posted
I agree to the terms and conditions
Advertisement

More News on:

Complex Regional Pain Syndrome (CRPS) 

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Stay Connected

  • Available on the Android Market
  • Available on the App Store

News Category

News Archive