Trade Analytics
Science and Technology
India has positioned itself as among the top five nations in the field of space exploration.

Science & Technology Industry Analysis – Presentation

Latest update: February, 2017

Local Demand Attracting Investments from MNCs

  • More than one-third of the top 1,000 global R&D spenders have centres in India. Around 50 per cent of the global 500 companies present have more than 10 per cent of the global headcount in India
  • About 28 per cent companies with headquarters in Japan, the EU and APAC have a R&D centres in India
  • There is a potential to create 200,000 R&D jobs by Global 500 companies in the next five years.
Growth
Growth

 

Last Updated: February, 2017

India has a strong network of science & technology institutions and trained manpower. It has the third-largest scientific and technical manpower in the world with 162 universities awarding over 4,000 doctorates degrees and 35,000 post graduate degrees annually.

India is among the top-ranking countries in the field of basic research and ranks 12th in terms of the number of patents filed. India also ranks ninth globally in terms of the number of scientific publications.

India has been strengthening its position in research through investment. India‘s R&D globalisation and services market is expected to reach US$ 38 billion by 2020. More than one-third of the top 1,000 global R&D spenders have centres in India. Going forward, India’s investment in R&D sector is expected to rise from 0.8 per cent of Gross Domestic Product (GDP) to reach 2.4 per cent of GDP in 2034.

In recent years, the Government of India has implemented several fellowship schemes to nurture human capacity for advanced research in the country. The Government is also providing continued policy support in the form of Science, Technology & Innovation Policy 2013 and the Twelfth Five Year Plan (2012–17). Through Science, Technology and Innovation policy, the Government promotes mechanisms for nurturing technology business incubators and science led entrepreneurship.

The Ministry of Earth Sciences, Government of India and Japan Agency for Marine-Earth Science and Technology (JAMSTEC) have signed a Memorandum of Understanding (MoU) for advancement of academic research in the field of Earth Sciences.

Furthermore, 2010–2020 has been declared the ‘Decade of Innovation’ to stimulate innovations and produce solutions for societal needs such as healthcare, energy, infrastructure, water and transportation.

Sectoral Presentation (February, 2017)

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