In 2023, India's government expenditure on R&D was at $36.95 billion US dollars PPP. From 2024 to 2028, the forecast predicts a steady increase, reaching $40.93 billion by 2028. The year-on-year growth indicates a consistent upward trend, with variations typically around 2% annually, pointing to a stable investment strategy in research and development.
Looking ahead, future trends to watch include potential shifts in focus towards emerging technologies, environmental sustainability, and healthcare innovations. Monitoring policy changes that may impact R&D funding allocation and strategies could also provide insights into how these investments will drive India's growth and innovation agendas.
