Unshackling Indian Science
Financial Express Ahmedabad
|June 17, 2025
Exempting research-related goods and services from GST is a strategic reform that can unlock India's full innovation potential
INDIA STANDS AT a crucial crossroads in its scientific and technological journey. With growing ambitions to become a global innovation hub, the country has witnessed remarkable progress in research and development (R&D). Yet, an overlooked obstacle limits India's potential—the Goods and Services Tax (GST) levied on scientific infrastructure usage and research consumables. Reforming GST policies to exempt research-related goods and services is essential to democratise access to scientific facilities, accelerate innovation, and strengthen collaborations between academia and industry.
Publicly funded research centres, universities, and startups rely on expensive, cutting-edge scientific equipment—from electron microscopes to high-throughput sequencers and specialised chemical analysers. These instruments drive innovation across healthcare, agriculture, clean energy, and manufacturing. However, each time researchers book lab time or procure consumables like reagents or chemicals, they face GST ranging from 5-18%, significantly inflating operational costs. For many early-career scientists and small startups with limited resources, these costs are prohibitive.
यह कहानी Financial Express Ahmedabad के June 17, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Financial Express Ahmedabad से और कहानियाँ
Financial Express Ahmedabad
Ola Electric shares up 10% on stake sale
Shares surge following one-time monetisation
1 mins
December 20, 2025
Financial Express Ahmedabad
Chomsky, Gates appear in new Epstein estate photos
CONGRESSIONAL DEMOCRATS RELEASED dozens of new images from the estate of the late convicted sex offender Jeffrey Epstein on Thursday, a day before the US Justice Department is required by law to release unclassified ?files from its investigation of the disgraced financier.
1 min
December 20, 2025
Financial Express Ahmedabad
File revised returns if AIS is showing additional income
YOUR QUERIES: INCOME TAX
2 mins
December 20, 2025
Financial Express Ahmedabad
Yen weakens across board after BOJ delivers rate hike
CENTRAL BANK SAYS IT WILL KEEP RAISING RATES IF FORECASTS MATERIALISE
1 min
December 20, 2025
Financial Express Ahmedabad
Insurance Bill to deter mis-selling
CAP ON INSURANCE COMMISSION WILL ENABLE COMPETITIVE PRICING OF POLICIES
2 mins
December 20, 2025
Financial Express Ahmedabad
Mkts bounce back on firm global cues
EQUITY BENCHMARK INDICES Sensex and Nifty rebounded sharply on Friday after sliding for the past four sessions, propelled by bargain hunting in select blue-chip stocks amid a firm trend over- seas.
1 min
December 20, 2025
Financial Express Ahmedabad
Flipkart buys majority stake in Minivet AI
WALMART-OWNED FLIPKART has struck a deal to acquire a majority stake in Minivet AI, an AI and machine learning solutions provider, as the e-commerce major looks to strengthen its generative AI capabilities for visual and conversational commerce.
1 min
December 20, 2025
Financial Express Ahmedabad
Growing trade imbalances demand course correction
FRANCE'S PRESIDENT EMMANUEL
3 mins
December 20, 2025
Financial Express Ahmedabad
Adani gives wings to airport biz with ₹1L-cr investment
ADANI AIRPORTS HOLDINGS (AAHL) plans to invest around ₹1 lakh crore over the next five years across airport infrastructure, terminals and city-side development.
1 min
December 20, 2025
Financial Express Ahmedabad
2026 may see record $25-bn IPO bonanza
FUNDS RAISED THROUGH initial public offerings (IPOs) may hit a record for a third year in 2026,with a strong pipeline and buoyant investor demand supporting momentum, according to top investment bankers.
1 min
December 20, 2025
Listen
Translate
Change font size

