Trade Analytics

This is the ARCHIVED section of the website. To visit the current content of the website please CLICK here

Research And Development

Go Back

Indian Innovation and Patent Industry Analysis

June, 2017

India is fast emerging as a global R&D hub. Around 30 per cent of the top 1,000 global R&D spending organisations have centres in India. India’s R&D investment growth is likely to outpace overall Gross Domestic Product (GDP) growth. Government’s R&D spending is expected to increase from the current 0.9 per cent of GDP to 2 per cent by 2017.

The Government of India plans to involve the private sector in R&D mainly for sectors like vaccines, drugs and pharmaceuticals, supercomputing, solar energy and electronic hardware. The government has announced to create a US$ 16 million fund for setting up R&D units with the help of industries.

India is increasingly seen as a product development destination. Companies are now offshoring complete product responsibility, including complex services such as product management. Contract research is a fast-growing segment in the Indian healthcare industry.

Download File Click here to Download File   (Size: 1.11 MB )