India's ₹1 Lakh Crore RDI Scheme: A Boost for Research and Innovation

The Indian government has launched a ₹1 lakh crore Research Development and Innovation (RDI) Scheme aimed at enhancing private-led innovation and strengthening the country's research ecosystem. This initiative is part of India's broader vision for a self-reliant economy by 2047, with significant increases in R&D expenditure over the past decade. The scheme will provide long-term financing to encourage private sector participation in research and development, particularly in strategic sectors. The launch coincided with the Emerging Science, Technology and Innovation Conclave (ESTIC) 2025, which aims to foster collaboration among academia, industry, and government.

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