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.
(Size: 1.11 MB )Click to access the Research and Development Industry Archived Report
India's R&D sector has been growing at an astonishing pace of 20 per cent per annum for the last several years.
Impact Created By Indian Brands In International Market This case study from IBEF focuses on the established global and regi... 
Opportunities in the Indian Aquaculture Industry Aquaculture is one of the fastest-growing sectors in the world. Indi... 
The Journey of Made in India Covid-19 Vaccine With its first case reported in Wuhan, China, in December 2019, COVI... 
India's Maritime Sector Ports play an important role in the overall economic development of ... Join IBEF.org now. Enjoy FREE subscriptions downloads, updates and more.
Error
Already a member?
Login / Retrieve Password
