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R&D spends rise for India Inc, but still a fraction of net sales

Tata Motors tops with Rs 4,224.6 cr, or 1.4% of its net sales. A lot of it is due to JLR

Sachin P Mampatta & Shally Seth Mohile  |  Mumbai 

Research and development (R&D) spending of India Inc increased in 2018-19 (FY19) over the previous years, led by automobile and pharmaceutical sectors. But, it was still a small percentage of the total sales.

In FY19, India Inc spent Rs 8,721.3 crore under the R&D head — nearly a fifth more than the amount in 2017-18 (FY18), which was Rs 7,098.5 crore. The details of these expenses are available in the annual reports of companies, usually published by the end of the second quarter of the next financial year. This analysis looked at 440 companies for whom the continuous ...

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First Published: Mon, October 28 2019. 16:23 IST
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