The Gross Domestic Expenditure on R&D in India is forecasted to grow steadily from 2024 to 2028, starting at 201.8 million USD in 2024 and reaching 220.52 million USD by 2028, indicating an upward trend in investment. The projected year-on-year growth rates are moderate, showcasing a consistent interest in enhancing research and development. From 2024 to 2028, the expenditure sees a compounded annual growth rate (CAGR) that reflects a stable increase.
Future trends to watch for include:
- Increased investment in technological innovations and startups.
- Government policy shifts that encourage private sector R&D engagement.
- Potential impact of global economic factors on domestic expenditure.
