Private sector must now lead investment cycle, including R&D: FM Sitharaman
Finance Minister Nirmala Sitharaman urged the private sector to lead investment, particularly in Research & Development (R&D), emphasizing the need for ongoing resilience amid economic uncertainty. She noted that India’s R&D expenditure is only 0.83% of GDP, significantly below the OECD average of 2.7%. The call comes as private investment shows signs of recovery.