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India Doubles R&D Spending, Launches New Innovation Initiatives on DST's 55th Anniversary

The Department of Science and Technology announces a ₹1 lakh crore R&D fund and emphasizes private-sector leadership in innovation to sustain India's global science and technology ascent.

Photo: X/@IndiaDST

Overview

  • India's Gross Expenditure on R&D (GERD) has doubled over the last decade, rising from ₹60,196 crore to ₹1,27,380 crore.
  • The newly launched Anusandhan National Research Foundation (ANRF) aims to democratize research funding and increase university participation.
  • Two flagship initiatives, the ₹1 lakh crore Research, Development and Innovation Fund and the National Geospatial Mission, are now under DST's leadership.
  • India has advanced to 39th place in the Global Innovation Index, ranking 3rd globally in start-ups, PhDs, and research publications, and 6th in intellectual property filings.
  • Union Minister Dr. Jitendra Singh highlights a shift toward industry-led research, advocating for private-sector-driven innovation aligned with market demands.