Business Standard

R&D: India's missing giants

India needs some giant investors in in-house R&D. Let's start with our most successful firms

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Naushad Forbes
In “R&D: An Inside Job” (Business Standard, February 16, 2023), I showed that India lags the world in R&D: As the fifth largest economy we rank 16th, and the key gap is in-house investment by industry. I argued that Indian industry must invest at least five times more in R&D as a share of gross domestic product (GDP) if we are to have any chance of building an innovative economy. How will this happen?

It’s about giants: Large firms worldwide dominate investment in technology. The top 20 investors in industrial R&D account for over 20 per cent of
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Mar 22 2023 | 10:21 PM IST

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