Which of the following statements is correct with regard to India’s gross domestic expenditure on R&D (GERD)?
a. India’s GERD at 0.65% of GDP is much lower than that of the top 10 economies
b. Government sector’s participation in GERD is negatively correlated with development.
c. Government contributes 56% of GERD
1
a and b
2
b and c
3
a and c
4
a, b and c
5
None of the above