India's Rising Focus on Research and Development Expanding Innovation Horizons
India's Gross Expenditure on Research and Development (GERD) has significantly increased, doubling from ₹60,196.75 crore in 2010-11 to ₹1,27,380.96 crore in 2020-21. The government supports this growth through various initiatives and funding aimed at enhancing innovation and global competitiveness. Key sectors driving this increase include pharmaceuticals, information technology, biotechnology, and defense. Government initiatives like the Research, Development and Innovation Fund, the Anusandhan National Research Foundation, and various mission programs bolster India’s ambition to become a global innovation hub. These efforts have led to significant improvements in global rankings, boosting the number of startups, science, and engineering publications, and patent activities.
Source: Original Link