Abstract
Technology based innovations and national and sub-national innovation system are being increasingly considered as important instruments. These are perceived to be the tools for growth and development of advance and advancing nation in a globalizing world. R&D and R&D services are crucial for innovation chain. India today is gaining strength in its R&D services; few sectors have realized such potential. GATS Agreement of WTO provides challenges and business opportunities in R&D services for R&D and related institutions.
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