India’s R&D spending crosses 0.8% of GDP for first time since 2010
India's expenditure on research and development crossed 0.8% of GDP for the first time since 2009-10, official data show. The figures reveal a structural shift: private industry's share of national R&D spending rose from 45.5% in 2021-22 to 51.8% in 2023-24 — the first time businesses contributed more than all levels of government combined.
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The R&D-to-GDP ratio is a recurring indicator in science-technology and economy questions.
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- India's R&D spending crossed 0.8% of GDP, a level last seen in 2009-10.
- Private industry's share rose from 45.5% (2021-22) to 51.8% (2023-24).
- For the first time, business contributed more to R&D than all levels of government combined.
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