 "research & development, R&D")
Union Trade Minister Piyush Goyal recently chided India’s startups and expressed concern over the quality of innovation by them, comparing them to their Chinese counterparts. But beyond startups, even bigwigs of India Inc are spending measly amounts on research & development (R&D), even as the country is seeing success in scientific research, publications, and patent filings on frontier technologies like artificial intelligence (AI).
India has improved its ranking on the frontier technologies readiness index from 48th in 2022 to 36th in 2024 out of 170 economies, with a score of 0.74 (on a scale of 0 to 1), according to
