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    Home»Press Release»“From Lab to Market”: Dr. Jitendra Singh Outlines India’s Economic Renaissance Through Science
    Press Release

    “From Lab to Market”: Dr. Jitendra Singh Outlines India’s Economic Renaissance Through Science

    Rishabh SharmaBy Rishabh SharmaMay 4, 2026No Comments2 Mins Read
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    NEW DELHI — On the 56th Foundation Day of the Department of Science and Technology (DST), Union Minister Dr. Jitendra Singh declared that technology-driven innovation has become the primary engine of India’s economic growth. Addressing a gathering of the nation’s top scientists and academicians at the Indian National Science Academy (INSA), the Minister emphasized a strategic shift in policy: moving science “from laboratories to markets and from ideas to impact.”

    A Decade of Transformation

    Dr. Singh highlighted that the last ten years have seen a fundamental shift in India’s scientific landscape, moving away from isolated research toward an integrated economic model.

    • Sector Liberalization: Strategic decisions to open Space and Nuclear Energy to the private sector have acted as catalysts for unprecedented growth.

    • Startup Surge: India’s startup ecosystem has exploded from just a few hundred a decade ago to over two lakh (200,000) today.

    • Global Standing: India is now producing a significantly higher share of “highly cited” research publications, signaling a rise in both the quality and global influence of Indian scientists.

    The Triple Helix: Government, Academia, and Industry

    The Minister stressed that scientific isolation is a relic of the past. For India to achieve its economic goals, a “Triple Helix” of collaboration is essential:

    1. Government: Providing policy frameworks like the Anusandhan National Research Foundation (ANRF) and the National Quantum Mission.

    2. Academia: Focusing on indigenous research and high-quality talent development.

    3. Industry: Taking lead roles in commercializing technology and funding large-scale R&D through initiatives like the RDI Fund.

    Key Growth Areas

    The Minister and DST Secretary Prof. Abhay Karandikar identified several “frontier” domains that will define the next decade of Indian innovation:

    • Quantum Technology: Aiming for global leadership in secure communications and computing.

    • Space Tech: Leveraging private startups for satellite technologies and national preparedness.

    • Pharmaceuticals: Shifting toward indigenous drug development and critical technology self-reliance.

    Administrative Reforms

    To support this “renaissance,” Dr. Singh noted that the government is restructuring legacy systems to improve efficiency. These reforms focus on decentralized decision-making and a merit-based ecosystem designed to guide young innovators with realistic goals and transparent support.


    The Vision: “No country can advance in science by remaining isolated from the private sector,” Dr. Singh concluded, calling for a culture of Jan Bhagidari (people’s participation) in science to ensure that technological breakthroughs translate into societal benefits and global leadership.

    Dr. Jitendra Singh
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    Rishabh Sharma

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