India’s R&D spending crosses 0.8% of GDP for first time since 2010
India’s research and development (R&D) spending crossed 0.8% of GDP for the first time since 2010, a level last seen in 2009-10. Official data also 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 outspent all levels of government combined.
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The R&D-to-GDP ratio and the private sector’s rising share are frequently asked science-policy facts.
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- R&D spending crossed 0.8% of GDP — first time since 2010.
- Comparable level last seen in 2009-10.
- Private industry share: 45.5% (2021-22) → 51.8% (2023-24).
- First time businesses spent more on R&D than all governments combined.
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