new delhi india redirects about 3 per cent of 16 trillion of global gross expenditure on research and development gerd in ppp purchasing power parity which is around five times lower than that of its neighbour china the economic survey revealed on wednesday the prebudget document also said indias innovation capacity is also lower than that of other brics nations except russia the 16 trillion global gross expenditure on rd gerd in ppp purchasing power parity terms for 2014 projected by battelle and rd magazine is more than 50 billion increase over the previous year in this enormous activity indias share is around 3 per cent with gerd projected at 44 billion which is around five times lower than that of china said the economic survey for 201314 tabled by finance minister arun jaitley in parliament it however said that among business services research and development rd occupies second position in indias gdp its growth has been consistently high at near 20 per cent in the last few years in 201213 growth has been at 208 per cent the survey added quoting from the global competitiveness report 201314 the document said indias capacity for innovation has been lower than that of brics countries brazil russia india china and south africa expect russia though india scores better than china brazil and russia on quality of scientific research institutions the research undertaken in such institutions is not percolating down for commercial usage it added this is exhibited through its poor score in university industry collaboration on rd a compared to some other brics nations like china and south africa it added though india scores better than all brics nations on availability of scientists and engineers owing to its large population the country has one of the lowest ratios of scientists and engineers per million people it said part of this shortage is attributed to lack of quality higher education institutions even with a large population base india is projected to have 25 per cent shortage of engineers in the country by 2025 the survey said in terms of patents granted per million population india fares badly compared to other brics countries in terms of company spending on rd also india is far below china the document added