Budget 2026 Will Test India's Innovation Push and Global Technology Competitiveness
Published on: Jan. 26, 2026, 11:30 a.m. | Source: scanx.trade
India approaches Budget 2026 with strong momentum in frontier technologies through the Semiconductor Mission and India AI Mission launched in 2024 with ₹10,371 crore outlay. However, the country's R&D spending at 0.7% of GDP lags significantly behind global leaders like Israel (5.4%) and the US (3.5%). The budget presents an opportunity to accelerate innovation through higher R&D investment, industry partnerships, and a proposed ₹20,000 crore Deep-Tech Fund of Funds to achieve global technology competitiveness.
