Transport, pharma and biotech as industry become India’s biggest research investors
A new government report indicates that private industry now accounts for over half of India's research and development spending, with transportation, pharmaceuticals, and biotech leading the investment. This shift marks the first time corporate R&D expenditure has surpassed government funding in the country.
India’s private-sector research effort is now being driven overwhelmingly by the transportation, pharmaceutical, biotechnology and information technology industries, with transport companies emerging as the country’s largest corporate R&D investors, according to the Department of Science and Technology’s (DST) Research and Development Statistics 2025-26 .
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