In this episode, we explore where India stands in the global landscape of research and development (R&D). From the Global Innovation Index 2024 to success stories of countries like Singapore and South Korea, we dive into what makes innovation thrive worldwide. We also unpack India’s challenges—low R&D spending, limited private sector participation, and bureaucratic hurdles—while highlighting the government’s strategies, tax incentives, and industry-academia collaborations aimed at strengthening India’s innovation ecosystem and building self-reliance for the future.