India's Gross Expenditure on R&D (GERD) increased from ₹1.32 lakh crore in 2019-20 to ₹2.44 lakh crore in 2023-24.
GERD as a percentage of GDP rose from 0.66% to 0.84% during the same period.
Private sector R&D expenditure surpassed government sector expenditure in 2023-24.
Government launched a ₹1.0 lakh crore Research, Development and Innovation (RDI) Fund to boost private sector R&D.
Anusandhan National Research Foundation (ANRF) was established with a ₹14,000 crore central budgetary provision.
India's Global Innovation Index (GII) ranking improved from 46th in 2021 to 38th in 2025.
Detailed Insights:
The government is progressively increasing budget allocations for scientific departments and research-oriented programmes.
The RDI Fund aims to catalyze private sector participation and investment in high-risk and strategic research.
ANRF will mobilize additional funding from non-governmental sources to strengthen research across institutions.
National Missions like National Quantum Mission and India Semiconductor Mission are driving focused R&D efforts with significant outlays.
Promotion of Public–Private Partnerships (PPPs) and creation of Technology Hubs foster collaborative technology development.
Technology-led innovation programs such as NIDHI and BIRAC support indigenous technology development and industry linkages.
Enabling policy frameworks like the Geospatial Policy 2022 and Space Policy 2023 encourage increased private sector participation.
India's improved GII ranking indicates high innovation efficiency, effectively converting resources into tangible outcomes.
Key Concepts Involved:
Gross Expenditure on R&D (GERD): The total expenditure on research and development activities by both government and private sectors within a country.
Global Innovation Index (GII): An annual ranking of countries by their capacity for, and success in, innovation, published by WIPO.
Anusandhan National Research Foundation (ANRF): A new body established to foster research and development across universities and research institutions in India.