Nanotechnology in India: A Need for a Holistic Approach

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 5

Year of Publication : 2020

Authors : Dr. Prashant Vithal Kadam

10.14445/23939125/IJEMS-V7I5P111

How to Cite?

Dr. Prashant Vithal Kadam, "Nanotechnology in India: A Need for a Holistic Approach," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 5, pp. 70-73, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I5P111

Abstract:

Nanotechnology has been emerging as one of the sustainable sources of meeting the mismatch between the demand and the supply of resources in the ecosystem. With the increasing population across the globe, the pressure on the ecosystem has increased manifold, thereby calling for new innovations which are sustainable amidst climate change. Though the concept of nanotechnology has been at the infancy stage in emerging economies like India, it has been optimally used by advanced economies like the United States, Japan, Germany, etc. The funding and the significance of nanotechnology have been on the rise. It has been meeting the diversified needs of different industries such as electronics, medicines, automobiles, food processing, etc. The paper has analyzed the descriptive study of Nanotechnology and has emphasized the need for a holistic approach to expanding its horizons beyond the clinical trials so that the effectiveness of nanotechnology is really proved to be beneficial to human civilizations. The paper has recommended the need for uniform and dynamic regulations in the applications of Nanotechnology in India.

Keywords:

Nanotechnology, Emerging, Patents, Sustainable, Funding.

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