In 2023, India's government expenditure on R&D was 36.72 billion USD PPP. From 2024, the forecasted expenditure showcases steady growth: 37.47 billion USD in 2024, increasing to 40.58 billion USD by 2028. The year-on-year percentage changes are consistently around 2%, reflecting a stable increase in investment over the next few years.

Future trends to watch for:

Impact of policy initiatives aimed at boosting R&D across key sectors like technology and healthcare.
The role of public-private partnerships in enhancing R&D capabilities.
Potential geopolitical influences on funding allocations and international collaborations.