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 2009-10, official data show. The data 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.
Nabka Insight
A structural shift in who funds India's research — examinable on the GDP share and the private-sector milestone.
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- R&D spending crossed 0.8% of GDP, a level last seen in 2009-10.
- Private industry share rose from 45.5% (2021-22) to 51.8% (2023-24).
- First time businesses outspent all levels of government combined on R&D.
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