The Ministry of Science and Technology has suggested the introduction of a Research-Linked Incentive Scheme to the Finance Ministry. This proposed scheme is designed to stimulate and reward research and innovation activities across diverse sectors. By linking financial incentives directly to research efforts, it aims to encourage and support scientific and technological advancements within India. The initiative demonstrates the government’s dedication to fostering research and development endeavors, which play a pivotal role in driving economic growth and enhancing competitiveness. If implemented, the scheme could have a substantial impact on industries driven by research and innovation, potentially boosting the overall innovation ecosystem in the country. It also underscores the government’s recognition of the critical role that research plays in advancing India’s technological capabilities and global standing.