The government launched the Research, Development & Innovation (RDI) Scheme, a ₹1 lakh crore fund to boost private investment in high-risk R&D projects. India's research expenditure has doubled since 2010-11 but remains below 0.7% of GDP, well short of the global average of 1.7%.

The scheme targets frontier technologies including quantum computing, semiconductors, green hydrogen, AI, and biotechnology, supporting the Viksit Bharat 2047 vision. It aims to incentivize the private sector, which currently accounts for only 36% of India's total R&D spending compared to 70% in developed economies. Academic institutions and startups can also access the fund through PPP models.