Unshackling Indian science
Financial Express Chennai
|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.
このストーリーは、Financial Express Chennai の June 17, 2025 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Financial Express Chennai からのその他のストーリー
Financial Express Chennai
Ellison, not Musk, was the tech titan who defined 2025
CHANGING FORTUNES
1 mins
December 27, 2025
Financial Express Chennai
Taiwan arms sale China sanctions 20 US defence firms
CHINA'S FOREIGN MINISTRY announced sanctions on Friday targeting 10 individuals and 20 US defence firms, including Boeing's St. Louis branch, over arms sales to Taiwan.
1 min
December 27, 2025
Financial Express Chennai
Lenders cut home loan rates to woo customers
BANKS ARE STEPPING up efforts to entice homebuyers and are cutting home loan rates by more than the Reserve Bank of India's recent 25-bps repo rate cut.
2 mins
December 27, 2025
Financial Express Chennai
PNB reports ₹2.4K cr fraud in SREI's a/cs
STATE-OWNED LENDER PUNJAB National Bank (PNB) on Friday said it has reported a borrowal fraud of ₹2,433.99 crore to the Reserve Bank of India involving the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance.
1 min
December 27, 2025
Financial Express Chennai
Turnaround expected in foreign fund flows
MARKET PARTICIPANTS
2 mins
December 27, 2025
Financial Express Chennai
Bollywood is no match for India’s new wave cinema
THE SIGNATURE MOTIF of Kantara: A Legend - Chapter 1, India's second-biggest box-office success of 2025, is a primordial scream.
3 mins
December 27, 2025
Financial Express Chennai
Japan sees first primary balance surplus since 1998
JAPANESE PRIME MINISTER Sanae Takaichi said the nation's primary balance is set to return to a surplus for the first time in 28 years, in an apparent attempt to ease market concerns over her proactive stance on spending.
1 min
December 27, 2025
Financial Express Chennai
Ukraine peace deal: Putin sends a signal to Trump
RUSSIAN PRESIDENT VLADIMIR
1 min
December 27, 2025
Financial Express Chennai
Coforge to acquire Encora for $2.35 bn
· Acquisition to aid mid-tier IT firm's push into AI-led engineering
1 mins
December 27, 2025
Financial Express Chennai
Benchmarks trim weekly gains on profit booking
EQUITIES EASED ON Friday as investors locked in gains near record highs, with thin yearend participation and persistent foreign selling keeping risk appetite in check
1 min
December 27, 2025
Listen
Translate
Change font size

