ER&D sector could nearly double to $100 billion in 5 years: Nasscom

Kishor Patil of Nasscom's ER&D Council said India's engineering R&D sector could grow from $56 bn to $100 bn in five years, led by auto, aerospace, semiconductors and GenAI adoption

India’s engineering research & development (ER&D) sector could be worth about $100 billion by the end of this decade, up from $56 billion in the last financial year (FY25), said Kishor Patil, chairman of Nasscom’s ER&D Council. 

The sector has been one of the fastest growing in India’s technology industry, with a 7 per cent year-on-year (Y-o-Y) rise. It includes automotive, semiconductors, industrials, energy and utilities, telecom, health care, life sciences, and consumer electronics. 

The largest industry — information technology (IT) — by comparison, has been growing at about 4 per cent due to a weak macroeconomic environment, which has