The expenditure on R&D in higher education in India is forecasted to grow from $361.25 million in 2024 to $406.89 million by 2028. Compared to 2023, where the expenditure was significantly lower, this represents a positive upward trend. Year-on-year growth rates reveal consistent increases: 3.25% from 2024 to 2025, 3.09% from 2025 to 2026, 2.95% from 2026 to 2027, and 2.79% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 3.03%.
Future trends to watch for include:
- Increased governmental and private sector investment in educational R&D.
- Technological advancements that may further boost funding needs and allocations.
- Shifts in policy that could either accelerate or decelerate growth rates in educational R&D investments.
