Context
The government has suspended further applications under the ₹1 lakh crore Research, Development and Innovation (RDI) Fund, citing administrative reasons. The development highlights concerns over funding delays, limited private-sector participation and India’s low R&D expenditure of 0.83% of GDP.
Explanation
- Deep technology (deep-tech) refers to innovations based on advanced scientific research, including artificial intelligence, semiconductors, biotechnology, robotics and quantum computing.
- The Research, Development and Innovation (RDI) Fund, launched in 2025, aims to support private-sector research and commercialisation of advanced technologies.
- The Department of Science and Technology (DST) oversees the initiative, with the Technology Development Board (TDB) involved in financing technology development.
- India’s Gross Expenditure on Research and Development (GERD) is approximately 0.83% of GDP, reflecting relatively low research investment.
- The private sector contributes around 36% of India’s R&D expenditure, limiting industry-led technological innovation.
- The World Intellectual Property Organization (WIPO) publishes the Global Innovation Index (GII), assessing innovation performance across economies.
- Greater public-private collaboration, research commercialisation and domestic technology development can strengthen India’s innovation ecosystem.
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