A new report calls for India to significantly increase research and development investment to strengthen its manufacturing sector and improve global competitiveness.
India's current R&D spending stands at just 0.6% of GDP, limiting manufacturing growth according to the analysis. The report recommends raising this to 2% of GDP by 2035 through greater private sector participation and improved innovation systems.
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Provisional GDP estimates released on Friday show 7.7 per cent growth for 2025-26. The figure exceeds the government's February prediction by 0.1 percentage points. Outlook for 2026-27 points to a slowdown.
India's economy expanded 7.8 percent in the March quarter, beating forecasts and lifting full-year growth for fiscal 2026 to 7.7 percent. The result was supported by strong private investment and consumption.
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Despite record government research spending, seven in 10 young Korean scientists are considering moving abroad due to low pay, unstable jobs and heavy paperwork.
Indian Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi agreed on Thursday to strengthen cooperation on critical minerals and semiconductors during talks in New Delhi.
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India's stock market value has crossed the 5 trillion dollar mark. This development has returned the country to the sixth position globally.