21-May-2026
Economy News
 
India needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report
21-May-2026

India's manufacturing growth is constrained by low spending on research and development (R&D) at just 0.6 per cent of GDP, and it should increase its expenditure to 2 per cent by 2035, according to a report released on Wednesday.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/india-needs-to-raise-rd-spending-to-2-pc-of-gdp-by-2035-to-boost-manufacturing-report/articleshow/131225768.cms