Nanotechnology in India: Inferring Links Between Emerging Technologies and Development

Abstract

Nanotechnology is an emerging technology that has received much global interest, and many national governments are making substantial investments in nanotechnology research and development (R&D) activities. Developing countries, for whom the opportunity cost of research is high, are beginning to show interest in nanotechnology for two reasons. First, many developing countries are making the link between innovation and economic development, and view emerging technologies as an opportunity to “leapfrog” into frontier research areas. As a result, they are increasing their science and technology (S&T) expenditure in these technologies. Second, emerging technologies present innovation opportunities related to their development goals such as environment, health, and energy.