archiveR&D

India has emerged as the fastest-growing major economy in intangible investments, with spending on assets such as software, research and development (R&D), intellectual property and organisational capabilities reaching $78.2 billion (around Rs 6.7 lakh crore) in 2023, according to the World Intangible Investment Report 2026. Highlighting the report’s findings, Union Commerce and Industry Minister Piyush Goyal said India is steadily strengthening its position as a global innovation hub, driven by investments in knowledge-based assets that are shaping the economy of the future. India tops growth among world’s 15 largest economies...

Despite India’s strides in innovation, supported by its scientific manpower, robust IT and pharmaceutical sectors, and a thriving start-up ecosystem, the country continues to lag in research and development (R&D) investment. The gross expenditure on R&D (GERD) in India has increased from approximately ₹60,196 crore in FY11 to about ₹1,27,381 crore in FY21. However, this remains at just 0.64 per cent of GDP — far lower than many global counterparts.In most developed and emerging economies, business enterprises contribute over 50 per cent to GERD, with countries like China, Japan, South...