Science and Technology Development in India

India's R&D spending has more than doubled over the past decade, rising from US$ 9.95 billion in FY14 to US$ 15.34 billion in FY24, reflecting the country's accelerating investment in innovation across AI, biotechnology, semiconductors, space, and other advanced technologies.

Advantage India

Robust
Demand

*The country remains among the top three countries in scientific publication as per NSF database and in terms of no. of PhDs, in size of Higher Education System; as well as in terms of number of Start-ups.

*94% of the total 8,067 projects under the Smart Cities Mission have been completed, with Rs. 1.64 lakh crore (US$ 18.97 billion) invested. All 100 cities now feature Integrated Command and Control Centres leveraging technologies such as artificial intelligence and the Internet of Things to enhance urban management.

*India is rapidly emerging as a global hub for space sector engagement according to the Science and Technology Minister, emphasizing the country's growing capabilities in space technology and innovation.

Robust economic growth icon

Attractive
Opportunities

*IIT Madras and ISRO have developed and booted India’s first indigenous semiconductor chip, the RISC–V Controller for Space Applications (IRIS), showcasing domestic R&D strength in space technology.

*India is home to over 1,800 Global Capability Centres, of which more than 500 specialise in AI. The country boasts approximately 180,000 startups, with nearly 89% of new ventures incorporating AI into their products or services. According to the NASSCOM AI Adoption Index, India achieves a score of 2.45 out of 4, reflecting that 87% of enterprises are actively deploying AI solutions.

*India’s drone market could grow from US$ 0.47 billion in 2025 to US$ 1.39 billion by 2030 at a CAGR of 24.4%

*India filed over 86,000 AI patents between 2010 and 2025, accounting for 25% of all tech patents, with filings from 2021-25 seven times higher than 2010-15, and 63% originating domestically.

*India's cloud industry is projected to create around 14 million jobs by 2026, nearly tripling employment over a five-year period.

Attractive investment icon India

Policy
Support

*India's ambitious vision towards 2047 in science and technology emphasizing self-reliance and innovation-led growth, underscoring ongoing positive momentum in policy support.

*The Government has established a Research, Development and Innovation (RDI) Fund worth Rs. 1 lakh crore (US$ 11.56 billion) under the Anusandhan National Research Foundation (ANRF). This initiative offers long-term, concessional funding for high-risk, high-impact deep tech projects while encouraging private sector investment.

*The Government has approved a Rs. 1,000 crore (US$ 113.69 million) Venture Capital Fund for the space sector, anchored by IN-SPACe and managed by SIDBI Venture Capital, to furnish growth and early-stage funding to Indian space start-ups.

*Budget 2026-27 has proposed a tax holiday till 2047 for foreign companies providing cloud services to customers globally using data center services from India.

India policy support icon

Rising
Private Activity

*In tune with Prime Minister, Mr. Narendra Modi’s vision of National Hydrogen Mission (NHM), M/s Multi Nano Sense Technologies Private Limited, Maharashtra has come up with plan to manufacturing of Hydrogen sensors indigenously.

*Tata Group plans to invest US$11 billion to develop a world-class Innovation City near the new Navi Mumbai International Airport, supporting India's ambition to become a global leader in artificial intelligence and semiconductor services.

*Micron Technology Inc. is establishing a semiconductor manufacturing facility in Gujarat, with an investment of Rs. 22,516 crore (US$ 2.56 billion). The Indian facility will support assembly and test manufacturing for both DRAM and NAND products, meeting demand from domestic and international markets. Production capacity will reach approximately 14 million units per week.

Competitive advantage icon India
Last updated: Sep, 2026

Major Indian States for Science and Technology

  • Maharashtra
  • Gujarat
  • NCR
  • Karnataka
  • Tamil Nadu
  • Telangana
  • Andhra Pradesh
  • Madhya Pradesh
Science And Technology Cluster 11 03 2022

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