India's R&D spending crosses 0.8% of GDP for the first time since 2010
India's gross expenditure on research and development crossed 0.8% of GDP, a level last seen in 2009-10, official data show. The figures reveal a structural shift: private industry accounted for 45.5% of national R&D spending in 2021-22, rising to 51.8% in 2023-24. This is the first time businesses have contributed more to India's research effort than all levels of government combined.
Nabka Insight
A structural shift in R&D financing toward private industry is a strong economy/science-policy talking point.
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- R&D spending crossed 0.8% of GDP — first time since 2009-10.
- Private industry's share rose from 45.5% (2021-22) to 51.8% (2023-24).
- First time businesses out-spent all government levels combined.
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