India must boost R&D spending to $100 billion to lead global innovation, says investor
Rajan Anandan of Peak XV Partners says India’s annual R&D outlay of about $18 billion must rise to at least $100 billion to become the world’s most innovative nation.
Managing director of Peak XV Partners, Rajan Anandan, told Udisha Srivastav that India’s present research and development expenditure, roughly $18 billion per year, falls far short of the $100 billion he deems necessary for the country to become the world’s most innovative economy. Speaking alongside the launch of his book co-authored with Nasscom co-founder Saurabh Srivastava, he pointed to the startup sector’s potential and the importance of supportive government measures such as the Research, Development and Innovation Fund.
Anandan described how Peak XV plans to invest in promising Indian startups that can drive this innovation surge. He stressed that a coordinated push from both public and private sectors is essential to close the funding gap. The interview frames the $100 billion target as a strategic priority for India’s future competitiveness.
Why it matters
Raising R&D spending could transform India’s economy and global tech standing.
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