Budget 2024 Brings Good News For Scientists: Huge Corpus To Fund Research

"The new corpus is a much-needed and very welcome announcement," Dr Abhay Karandikar, an engineer and Secretary of the Department of Science and Technology, told NDTV

Finance Minister Nirmala Sitharaman's budget announcement of a scheme to boost scientific research has won the hearts of the country's scientific community. In the interim budget, which comes months ahead of the Lok Sabha polls, the government announced a plan for long-term funding of research. 

"The new corpus is a much-needed and very welcome announcement," Dr Abhay Karandikar, an engineer and Secretary of the Department of Science and Technology, told NDTV. He added that the patient capital is needed for the country's deep-tech start-ups to succeed. "It will help rev up the science, technology and innovation ecosystem, propelling India to become a developed country by 2047 and that can happen only with a solid foundation of science and technology," he said.

Where this new corpus will be anchored is not clear yet.