Learn about the R&D sector of India

The research ecosystem in India presents a significant opportunity for multinational corporations across the world due to its intellectual capital available in the country.
India is fast emerging as a global Research and Development (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 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.

With the government’s support, the R&D sector in India is all set to witness some robust growth in the coming years.

India is also expected to witness strong growth in its agriculture and pharmaceutical sectors as the government is investing large sums to set up dedicated research centres for R&D in these sectors. The Indian IT industry is also expected to add to the development of the R&D sector.

The Indian government is undertaking several initiatives to enhance the R&D sector. Establishing National Institution to Transforming India is being planned so as to involve researchers, entrepreneurs and others to help the growth of the industry. There are around 1,000 top global R&D spending organizations that have base in India. They are growing at 14.4 per cent and provide employment to around more than 244,000. The government will help funding with $ 16 million for setting up units of R & D in collaboration with the industries. India as a destination is popular all over the globe and that is why the government is taking initiative and developing the industry.

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