Budget 2024: As India aims to become a developed nation by 2047, Finance Minister Nirmala Sitharaman will need to prioritize a significant boost in Research and Development (R&D) during her upcoming Union Budget presentation on July 23. A key challenge for the government will be increasing the share of R&D in the country, which, according to a NITI Aayog report, is currently among the lowest in the world. India's R&D expenditure as a percentage of GDP lags behind that of developed nations, a concern that has been consistently raised by industry bodies such as Nasscom.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.