The Gross Domestic Expenditure on R&D in India is projected to decline slightly from 0.63% of GDP in 2024 to 0.60% by 2028. Compared to 2023, this indicates a concerning trend of reducing investment in innovation relative to the economy's size. Over the next two years, the year-on-year reduction is minimal, but the cumulative average decline over the five-year period illustrates a need for bolstered prioritization of R&D.

Future trends to watch for include:

Increased government and private sector partnerships to fuel R&D spending.
Focus on technological advancements, particularly in healthcare and renewable energy.
Developments in international collaborations to boost domestic R&D capabilities.