Low R&D spend at ~0.6-0.7% of GDP Hampers India’s Manufacturing Growth: CareEdge Ratings
Mumbai, 20th May 2026: According to CareEdge Ratings, India should target to increase its R&D spend to ~2% by 2035 in-line with its Asian peers, to enhance the share of manufacturing in GDP, which will require, greater private-sector participation, stronger innovation ecosystems and improved research-to-commercialisation pipelines. India’s manufacturing sector output expanded at a compounded annual…
