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Private Industry Accounts for 51.8% of India's R&D Spending; ANRF Corpus ₹50,000 Cr

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
05 Aug 2026
~2 min
Source: The Hindu
Key Data:51.8%₹46,388 crore₹82,975 crore0.84% of GDP2.58% China3.45% US
Bodies:Department of Science and TechnologyReserve Bank of India (RBI)Anusandhan National Research Foundation (ANRF)
Practice MCQs from today's news ▸
What This Article Covers

1.Private industry contributed 51.8% of national R&D spend in 2023-24, a first in India's history.

2.Transport sector leads corporate R&D, followed by pharmaceuticals, biotechnology, and IT.

3.India's R&D at 0.84% of GDP is far below China, US, and South Korea; ANRF launched to mobilize private funds.

The Big Picture
Prelims · HighMains · Medium

India's private sector has overtaken the government in R&D spending for the first time, accounting for 51.8% in 2023-24. However, part of the surge is due to better data capture. India's R&D intensity remains low at 0.84% of GDP. The Anusandhan National Research Foundation (₹50,000 crore) aims to boost private sector research and deepen the research workforce.

Exam Lens

Quick Exam Facts From News

Private R&D Share (2023-24)51.8%
R&D as % of GDP (India)0.84%
ANRF Corpus₹50,000 crore
Researchers per million (India)354

1-Minute Revision

  • ›Private R&D Share (2023-24): 51.8%
  • ›R&D as % of GDP (India): 0.84%
  • ›Target this Data: 51.8% private share in national R&D spend (2023-24); India's R&D at 0.84% of GDP; ANRF corpus ₹50,000 crore.
  • ›Target this Nodal Body: Department of Science and Technology (DST) for the data; Anusandhan National Research Foundation (ANRF) for the scheme.
  • ›Target this Legal Point: Mandatory sustainability disclosures for listed firms (SEBI) and RBI norms on reporting research – these caused better measurement.

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Q1Static LinkageEasy

Which department released the latest figures showing private industry accounted for 51.8% of national research spending in 2023-24?

Q2Statement-basedHard

Consider the following statements regarding India's R&D spending:

1. Private industry accounted for 51.8% of national R&D spending in 2023-24, overtaking government for the first time.

2. The entire surge in private R&D spending is due to new investments by companies.

3. India's R&D as a percentage of GDP is lower than that of China, the United States, and South Korea.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the Department of Science and Technology data, what was India's research and development spending as a percentage of GDP in 2023-24?

Q4Application/ImpactMedium

What is the primary objective of the Anusandhan National Research Foundation (ANRF) as mentioned in the article?

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