In 2023, India's Gross Domestic Expenditure on R&D was below that of 2024, indicating a consistent upward trajectory. From 2024 to 2028, the forecast predicts an annual increase in R&D spending, demonstrating a steady growth pattern. Year-on-year variations show percentages in the range of 2.4% to 2.6%, indicating stable development.
Future trends to watch for include:
- Continued investment in technology and innovation.
- Government policy changes that may accelerate or decelerate this growth.
- Potential impacts of global economic conditions on funding availability for R&D.
