India s Ability to Capture the Benefits of R and D

India's Ability to Capture the Benefits of R and D Nirmal Kumar Chandra Our ability to capture the benefits of R and D has not been commensurate with the potential The reasons are varied, but the decisive one has been government policy. So, while the prospects for national R and D would indeed be very dim if the post-1991 ultra- liberalism reigns supreme, the answer cannot be a simple return to the pre-1991 or pre-1980 policy regime.