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Last Updated: August 14, 2017
- Isro plans to launch 21 rockets and 50 satellites within 4 years
- Intel expands R&D centre in Bengaluru with Rs 1,100 crore investment
- Government Aims To Make India A Global Biotech Hub By 2020
- Tata Motors partners with Microsoft for new car products
- India's clinical trial norms are getting in sync with global standards: Paul Stoffels
GET NEWS ALERTSIndia has become world’s biggest exporter of IT services since 2005.
Last Updated: 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.
Indian Research and Development Industry Report (June, 2017)
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Indian Research and Development Industry Report (December, 2016)
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Click to access the Research and Development Industry Archived Report
Industry
Browse:
- Agriculture and Allied Industries
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- Cement
- Consumer Durables
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- Engineering and Capital Goods
- Financial Services
- FMCG
- Gems and Jewellery
- Healthcare
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- Insurance
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- Power
- Railways
- Real Estate
- Renewable Energy
- Retail
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- Science and Technology
- Services
- Steel
- Telecommunications
- Textiles
- Tourism and Hospitality
Related NewsMore
Last Updated: August 14, 2017
- Isro plans to launch 21 rockets and 50 satellites within 4 years
- Intel expands R&D centre in Bengaluru with Rs 1,100 crore investment
- Government Aims To Make India A Global Biotech Hub By 2020
- Tata Motors partners with Microsoft for new car products
- India's clinical trial norms are getting in sync with global standards: Paul Stoffels
India has become world’s biggest exporter of IT services since 2005.
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India's R&D sector has been growing at an astonishing pace of 20 per cent per annum for the last several years.
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