As of 2024, the higher education expenditure on R&D in India is forecasted to be $5.17 billion, reflecting consistent growth over time. Compared to 2023, the value has increased, indicating a positive investment trend. The year-on-year growth from 2024 to 2025 is expected to be approximately 3.29%, with a similar growth pattern extending through 2028. The average annual growth (CAGR) between 2023 and 2028 is projected to be around 3.5%, showcasing a steady upward trajectory in R&D spending within higher education.
Future trends to watch for include:
- Increased government and private sector collaboration in R&D.
- Integration of technology and innovation in educational curriculums.
- Enhanced focus on sustainable and scalable R&D practices.
