R&D Investment in India: Current Status and Future Directions

The Ministry of Science and Technology reported that India's Gross Expenditure on Research and Development (GERD) as a percentage of GDP has remained between 0.6% to 0.7%, which is below the global average. Despite a significant increase in GERD from Rs. 60,196.75 crore in 2010-11 to Rs. 127,380.96 crore in 2020-21, private sector investment remains low at around 36%. The government has introduced new funding mechanisms to streamline grant disbursement and has implemented various schemes to enhance scientific research and infrastructure in higher education institutions.

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