All Things Policy Accelerating private sector R&D in India
Dec 18, 2024
Sarthak Pradhan, a colleague of Suman Joshi and co-author focusing on India's private sector R&D, dives into the pressing issue of underinvestment in innovation. With only 36.4% of R&D funded by private players, he discusses the major hurdles like high taxation and regulatory risks facing Indian firms. The duo proposes solutions to enhance collaboration between academia and industry. They emphasize the need for policy reforms to position Indian businesses more competitively in global markets, ultimately unlocking the nation’s innovation potential.
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