The forecast for Higher Education Expenditure on R&D in India reflects a steady annual increase, moving from 8.13% in 2024 to 8.76% by 2028 of the total GERD. From 2023 to 2024, the expenditure saw an increase from previous levels, though the specific 2023 value isn't stated. The year-on-year growth is consistent, suggesting a positive trend supported by continuous investment. The compound annual growth rate (CAGR) over the five-year period displays sustained effort in this sector.
Future trends to watch include government policy changes, increased collaboration between academia and industry, and any economic factors influencing budget allocations for R&D. Monitoring these elements will provide insights into whether the current trend of steady growth can be maintained or accelerated.
