In 2023, India's higher education R&D expenditure stood at a certain value. The forecast from 2024 to 2028 shows a consistent year-on-year decline. From 2024 to 2025, the expenditure decreases by approximately 1.16%, further dropping to around 1.06% in 2026, 1.18% in 2027, and 1.08% in 2028. The compound annual growth rate (CAGR) illustrates a gradual decrease across these five years. This trend suggests a tightening in R&D spending within higher education institutions.
Future trends to watch:
- Government policies impacting R&D funding in education.
- Changes in global R&D collaboration.
- Evolving priorities in technology and innovation sectors.
