In 2023, the Gross Domestic Expenditure on R&D in India stood at an undisclosed value. The forecast from 2024 to 2028 shows a consistent yearly decrease from 4.73 to 4.33. This indicates a negative trend with a yearly year-on-year decline of approximately 2.11%. Over the five-year period, the Compound Annual Growth Rate (CAGR) reflects a steady decrease. This suggests a moderate contraction in R&D expenditure relative to GDP.
Future trends to watch for include:
- Government policies that could influence R&D investment.
- Changes in the international trade environment, affecting global collaboration.
- Emergence of new sectors in technology and innovation.
