PARLIAMENT QUESTION: R&D EXPENDITURE
PARLIAMENT QUESTION: R&D EXPENDITURE
India’s Gross Expenditure on Research and Development (GERD) is 0.6-0.7 per cent of GDP. While India’s present ranking in the Global Innovation Index (GII) is 38th, it has risen significantly from 81st in 2015 to 38th in 2025. The Government has taken several measures to increase the R&D expenditure to make India emerge as a high-tech manufacturing hub. These include: