* As per the Economic Survey 2022, India’s GERD as a percentage of GDP stood at 0.66%.
* Expanding middle-class and increasing affordability are demand drivers for technologically advanced products.
* India is the top exporter of IT products, has the third-largest pharma sector and a fast-growing contract research segment.
* India stands third globally in the number of peer-reviewed science and engineering publications.
* In September 2021, India published the amended Patents Rules (2021) and reduced fees by 80% for educational institutions.
* Establishment of CoEs in various areas. NMITLI initiative on PPP basis.
* Increased investment by private players. Setting up R&D centres.
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