
Summary:
The 2025-26 Union Budget invests ₹20,000 crore ($2.30 billion) to promote India's R&D ecosystem, including AI, geospatial efforts, and Atal Tinkering Labs. Finance Minister Nirmala Sitharaman announced plans to build 50,000 additional laboratories over the next five years to boost innovation. Industry executives applaud the emphasis on private-sector innovation, industryacademia collaboration, and scalable financing to advance AI and digital transformation.
Some analysts feel more efforts are required to preserve and expand current expenditures. Mr. Dushyant Chachra, CFO of Sukhbir Agro Energy Limited, emphasized the need for developing a comprehensive energy plan. Mr. Vishwanathan Iyer, Senior Associate Professor at the Great Lakes Institute, pushed for more tax breaks and business R&D expenditures. Mr. Bharat Kale, Emeritus Scientist, stated that India's R&D investment falls behind China, Japan, and Korea.
Source: IBEF
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