Increase in R&D Expenditure to GDP
The Indian government has not set a specific target to raise Research and Development (R&D) expenditure to 1.5% of GDP by 2029, but the Gross expenditure on R&D (GERD) has more than doubled from Rs. 60,196.75 crore in 2010-11 to Rs. 127,380.96 crore in 2020-21. The government is implementing various initiatives, including the establishment of the Anusandhan National Research Foundation, launching National Missions in quantum technology, AI, and green hydrogen, and promoting public-private partnerships to enhance R&D capabilities and foster innovation.
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