Mani, Sunil
India’s RDI scheme: Overcoming governance bottlenecks for strategic innovation
- Economic & Political Weekly
- 60(45), 8 Nov, 2025: p.20-22
India’s major research, development, and innovation scheme aims to catalyse private sector research and development in strategic and sunrise sectors. While addressing critical capital gaps, the loan-centric model of the scheme imposes repayment burdens misaligned with high-risk R&D and lacks grants for early-stage innovation. The scheme’s complex governance risks inefficiency and misalignment with deep-tech dynamics. Successful outcomes demand radical governance reform towards a technocratic board, strict timelines, and embedding within a broader ecosystem strategy addressing talent and academia–industry links, measured by patents and commercialisation.- Reproduced
https://www.epw.in/journal/commentary/indias-rdi-scheme.html