What impact does the Budget have on the allocation of funds for Research and Development in India

1. The Budget plays a crucial role in determining the allocation of funds for Research and Development (R&D) in India, reflecting the government's prioritization of innovation and technology advancement. 2. In the 2025 Union Budget, increased funding for R&D can indicate a strategic push towards enhancing India's scientific capabilities and fostering innovation in key sectors. 3. Investments in R&D funding can lead to the development of cutting-edge technologies, fostering economic growth, and boosting competitiveness on a global scale. 4. The allocation for R&D in the Budget can impact the overall research ecosystem by influencing private sector investments, collaborations with academic institutions, and international partnerships. 5. A well-balanced allocation for R&D in the Budget can strengthen India's position as a hub for innovation and pave the way for sustainable growth and development in the long run.