Business

India’s R&D Spending Soars Over The Last Decade: Union Minister

India’s spending on Research and Development (R&D) has witnessed a remarkable increase, with the figure rising from Rs 60,196 crore in 2013-14 to Rs 1,27,381 crore over the past decade.

Union Minister of State for Science and Technology, Jitendra Singh, attributed this growth to government-led initiatives driving scientific advancements.

Minister Jitendra Singh spoke at the DISHA event, emphasizing the government’s strategic investments that are shaping India’s future economy.

He pointed out that the country’s emphasis on homegrown innovations in artificial intelligence (AI), biotechnology, and quantum computing is setting the stage for India to emerge as a leader in these fields.

Collaboration Between Academia, Industry, & Startups

The Union Minister stressed that the government is not just investing in research but also facilitating the seamless transition of innovations from labs to industries, which aligns with the vision of Atmanirbhar Bharat (Self-reliant India).

He highlighted that academia, industry, and startups are all key contributors to India’s intellectual property-driven innovation ecosystem.

Singh also acknowledged the success of India’s policy shift, which has allowed private sector participation in strategic fields like space technology and nuclear research.

This approach, he noted, has led to faster technological advancements, increased efficiency, and greater global competitiveness.

AI-Powered Healthcare Solutions For Remote Areas

Addressing the success of AI-driven mobile telemedicine units, Singh highlighted how AI-powered diagnostics and telemedicine are revolutionizing healthcare, particularly in remote areas.

This has made high-quality healthcare services accessible and affordable.

However, Singh underscored the importance of striking a balance between AI and human expertise.

He emphasized that AI should complement human intelligence rather than replace it, especially in critical sectors like healthcare.

A hybrid approach, he argued, would ensure that technology enhances the role of skilled professionals in these fields.

Singh concluded by reiterating the government’s commitment to bolstering R&D, ensuring that India becomes a global leader in technological innovation.

With a focus on AI, biotechnology, and quantum computing, the country is poised to lead the charge in deep-tech advancements, contributing to both economic growth and societal well-being.

Also Read: Stock Market Opens Higher, Sensex Surpasses 73,300

Anamika Agarwala

Recent Posts

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

20 mins ago

Gautam Adani, Family Participate In Puri Rath Yatra; Launch Massive ‘Prasad Seva’ Initiative

Gautam Adani, along with his wife Priti Adani and son Karan Adani, joined thousands of…

59 mins ago

PM Modi, Leaders Pay Tribute To Former PM PV Narasimha Rao On Birth Anniversary

PM Narendra Modi on Saturday paid tribute to former Prime Minister PV Narasimha Rao on…

1 hour ago

Gautam Adani Hails Divine Experience At Rath Yatra; Praises Odisha’s Graceful Management

Gautam Adani conveyed profound spiritual emotions after witnessing the revered Rath Yatra of Lord Jagannath…

1 hour ago

Punjab’s Litchis Reach Middle East Markets In Boost To India’s Fruit Exports

In a step towards diversifying India’s horticultural exports, Punjab has successfully shipped its first consignment…

2 hours ago

Dalal Street Sees Strong Activity Of IPOs In June As Market Sentiment Improves

India’s primary market experienced a surge in activity in June 2025 as investor sentiment toward…

3 hours ago