By Suprita Anupam Edited by Neha Mehrotra Introduction: The Paradox of State-Backed Patient Capital In November 2025, Prime Minister Narendra Modi introduced an ambitious economic intervention: a massive Rs 1 lakh crore ($12 billion) Research, Development, and Innovation (RDI) fund. Designed to bridge a critical chasm in India’s burgeoning startup economy, the fund was meant […]

