The Union Budget 2025-26 has marked a significant milestone in India’s commitment to scientific research and development, with substantial allocations aimed at fostering innovation and technological advancement.

A cornerstone of this budget is the allocation of ₹20,000 crore to the Department of Science and Technology (DST). This funding will initiate a ₹1 lakh crore research and development fund, primarily focused on promoting private sector-driven innovation. The initiative aims to bolster research in deep tech and emerging sectors, enhancing India’s strategic autonomy in critical technology domains. The Economic Survey preceding the budget highlighted the need for increased private sector investment in R&D, and this allocation is expected to stimulate greater participation and accelerate breakthrough innovations.