What is one of the important long-term determinants of productivity and economic progress? The answer is research & development (R&D). The next question that would come to mind is-How does India fare on this parameter? An article in First post says that India has globally topped the growth in R&D investments. During 2012, R&D investments at Indian companies grew at a staggering rate of 35.1%. China ranked second with a growth of 28.1% during the same period. Does this mean it is time to raise the toast?
Consider the following facts before you decide. India total investments in R&D are very meagre. If you compare with other major economies, India is way behind in terms of the quantum of people employed in the field of research. While IT firm Infosys may be the highest R&D spender among Indian companies, on a global scale it ranks 329th. In fact, merely 14 Indian companies rank in the global list of top-1500 entities in terms of their annual R&D investments.
Consider the following facts before you decide. India total investments in R&D are very meagre. If you compare with other major economies, India is way behind in terms of the quantum of people employed in the field of research. While IT firm Infosys may be the highest R&D spender among Indian companies, on a global scale it ranks 329th. In fact, merely 14 Indian companies rank in the global list of top-1500 entities in terms of their annual R&D investments.
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