India’s R&D Investment Reaches Record 0.84% of GDP
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Data from the Department of Science and Technology indicates that India's research and development (R&D) spending reached an all-time high of 0.84% of GDP in 2023-24. Notably, the private sector's contribution to this investment has grown significantly, rising from 32% in 2020-21 to 45% in three years, signaling a shift toward industry-led innovation.
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