Budget 2025-26 should introduce PLI scheme for R&D to attract global innovation: Deloitte

Deloitte India Partner Rohinton Sidhwa suggests that the Budget 2025-26 should introduce a PLI scheme for R&D to attract foreign companies and make India a global innovation hub. Incentivizing global R&D centers in India could boost innovation, reduce reliance on imported technology, and drive foreign direct investment.