ISRO isn't budget limited.
http://www.ndtv.com/article/india/indian-human-spaceflight-programme-is-at-beginning-stage-isro-468692
... Parliamentary Standing Committee on Science & Technology, Environment and Forest that reviewed ISRO programmes in Bangalore ....
Speaking to reporters after the review, Parliamentary Standing Committee Chairman T Subbarami Reddy commended the recent achievements of ISRO for the successful launch of Mars Orbit Mission and GSLV-D5 with indigenous cryogenic engine.
Stating that adequate funds are being allocated for the scientific sector in the country, he said "we must focus more towards developing good scientists."
He said young people should be encouraged towards science and scientists should be given special salaries, special incentives, and special encouragements. His committee is recommending the same, Mr Reddy added.
Sure, you can contest the neutrality of the statement, given that it comes from the one of the guys ostensibly controlling the purse strings within the government
(though..not really...given that he's in the Rajya Sabha) (EDIT: I take that back, his
total net worth is at 258 crores+, third, amongst current RS members. I assume that gives him some clout in terms of bank-rolling election expenditure), but
a) he's an industrialist himself (So, some experience with how large funds translate into work there)
b) the sentiment was echoed in the AMA that the three ISRO scientists (albeit recent graduate joinees, as opposed to old hands) did.
http://www.reddit.com/r/india/comments/1ujcmo/we_are_three_isro_scientists_here_to_answer_your/cejk5ov (Although, they did ask for PRIS benefits -
http://www.reddit.com/r/india/comments/1ujcmo/we_are_three_isro_scientists_here_to_answer_your/ceiogeb)
c) Other luminaries have also mentioned (CNR Rao, and Dr M S Swaminathan, at NDTV's 25 Indian Legends event, being the most recent examples) that bottlenecks to scientific development lay in talent recruitment and retention -- education, and attracting people to science.
Now, it's probably tempting for people to tie this to funding: with the argument that more funding allows the provision of competitive, attractive compensation packages. But, R&D demands utmost cognitive investment. Incentivising people will not work.
, "Pay them enough to take the issue of money off the table", and then clear the path for them to express their internal drive.
Personally, I don't recall ISRO ever having to stop the pursuit of a project, or redact a program because the government withdrew funding for it. I think they've always managed to get the money, whenever they've submitted a request.
The programs, and the scientific sector in the country is know-how limited, and promulgating scientific literacy as well as STEM fascination is where, IMO, the thrust ought to be directed. We've always known that rockets are awesome for that