India’s R&D spending crosses 0.8% of GDP for first time since 2010
India's gross expenditure on research and development crossed 0.8% of GDP for the first time since 2009-10, official data showed. The figures reveal a structural shift: private industry's share rose from 45.5% of national R&D spending in 2021-22 to 51.8% in 2023-24 — the first time businesses out-spent all levels of government combined on research.
Nabka Insight
The R&D-to-GDP ratio and the public-private research split are common economy questions.
Powered by AIKey facts
- R&D spending crossed 0.8% of GDP, a level last seen in 2009-10.
- Private industry's share was 45.5% in 2021-22.
- It rose to 51.8% in 2023-24.
- Businesses now spend more than all government combined.
Relevant forBanking · SSC · State PSC · UPSC