India's R&D Expenditure: A Decadal Surge Fueling Innovation and Self-Reliance
India's R&D Expenditure: A Decadal Surge Fueling Innovation and Self-Reliance Over the past decade, India has witnessed a significant transformation in its research and development (R&D) landscape. Union Minister Dr. Jitendra Singh recently highlighted that the country's R&D spending has more than doubled, escalating from ₹60,196 crore in 2013-14 to ₹1.27 lakh crore in 2023-24. This substantial increase underscores India's commitment to fostering innovation, technological advancement, and economic self-reliance. Government Initiatives and Policy Reforms Aatmanirbhar Bharat: Paving the Path to Self-Reliance The 'Aatmanirbhar Bharat' (Self-Reliant India) initiative has been instrumental in promoting indigenous innovation and reducing dependency on foreign technology. By focusing on sectors like artificial intelligence (AI), biotechnology, and quantum computing, the initiative aims to position India as a global leader in deep-tech innovation and commerc...