Indian Economy News

India’s leap in research and innovation

India’s research and innovation ecosystem is witnessing strong momentum, supported by policy reforms, increased funding, and a growing focus on public-private collaboration. The launch of the Research, Development, and Innovation (RDI) Scheme Fund of Rs. 1,00,000 crore (US$ 11.27 billion) marks a milestone in strengthening private-led innovation and promoting long-term financing for high-impact scientific research. India’s gross expenditure on Research and Development (R&D) more than doubled from Rs. 60,196 crore (US$ 6.79 billion) in 2010-11 to Rs. 1,27,381 crore (US$ 14.36 billion) in 2020-21. The number of patents filed in the country increased nearly three times from 24,326 in 2020-21 to 68,176 in 2024-25, underscoring a surge in domestic innovation and technology development.
Aligned with the vision of Viksit Bharat@2047, the Government is fostering a knowledge-driven, inclusive economy through a series of forward-looking initiatives, including the Anusandhan National Research Foundation (ANRF), National Quantum Mission, IndiaAI Mission, and India Semiconductor Mission. India’s Digital Public Infrastructure (DPI), featuring platforms such as UPI, DigiLocker, Co-WIN, and Aadhaar, continues to enable transparency, scalability, and efficiency across governance and research. Collectively, these initiatives reflect India’s commitment to becoming a global hub for science, technology, and innovation, driving sustainable growth and positioning the nation as a leader in frontier technologies by 2047.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.