India Increases R&D Investment to Enhance Global Innovation Ranking
The Ministry of Science & Technology reported that India's Gross Expenditure on Research and Development (GERD) is between 0.6% and 0.7% of GDP, with India currently ranked 38th on the Global Innovation Index, a notable rise from ranking 81st in 2015. The government has implemented a series of initiatives to boost R&D spending and position India as a high-tech manufacturing leader. This includes increased budget allocations for scientific departments, the creation of a ₹1 lakh crore Research, Development and Innovation (RDI) Fund, and the establishment of the Anusandhan National Research Foundation (ANRF). Additional efforts encompass launching National Missions, fostering Public–Private Partnerships (PPPs), and promoting domestic technology development to minimize dependence on imports. These activities are supported by enabling policy frameworks and strengthening the commercialization of innovations through various channels.
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