PARLIAMENT QUESTION: Increase in R&D Expenditure to Gross Domestic Product

PARLIAMENT QUESTION: Increase in R&D Expenditure to Gross Domestic Product

The Government has not specifically set any target to increase Research and Development (R&D) expenditure to at least 1.5% of the GDP by 2029. The Gross expenditure on R&D (GERD) in the country has been consistently increasing over the years and has more than doubled from Rs. 60,196.75 crore in 2010-11 to Rs. 127,380.96 crore in 2020-21. The Government has long-standing and evolving objectives to enhance R&D investment, supported by structural and institutional reforms. The approach focuses on building a robust and sustainable innovation ecosystem in the country. To this end, the Government has undertaken several strategic initiatives to strengthen the R&D and innovation landscape. Some of the key policy measures and institutional interventions include:

These initiatives collectively aim to strengthen India’s R&D capabilities, enhance collaboration between academia, industry, and government, and create the conditions for sustained increases in national R&D expenditure over time.

This information was given by Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, Earth Sciences, MoS PMO, MoS Personnel, Public Grievances & Pensions, Department of Atomic Energy and Department of Space, in a written reply in the Lok Sabha today.