A shift in innovation outlook
The objective of transforming India into a global hub for innovation has gained renewed momentum with a significant policy commitment—Rs 1 lakh crore dedicated to catalysing domestic research and development (R&D) and advancing national technological capabilities. The newly approved R&D and Innovation (RDI) scheme promises to offer long-term, low-cost capital to private enterprises working in strategic and emerging technologies such as semiconductors, artificial intelligence (AI), green energy, and quantum computing. Beyond the scale of the announcement lies a bigger question:
