Current Affairs - National - Discussion

Global Research and Development expenditure reached $2.87 trillion in 2024, reflecting a 3% year-on-year increase and nearly tripling since 2000. Asia accounts for 45% of the total global share, highlighting the region’s growing innovation capacity. China leads global R&D spending with $785.9 billion, slightly ahead of the United States at $781.8 billion. India holds the 7th position with an expenditure of $75.7 billion. Although India’s R&D spending has grown more than threefold since 2000, it remains about one-tenth of China’s total outlay, indicating scope for further expansion.