#rd-spending
Consumer companies score low on R&D spending amid innovation chorus
Indian consumer firms are asserting their commitment to technology and innovation, yet their investment in research and development (R&D) remains unremarkably low. Analysis reveals that R&D spending barely rose to an average of 0.9% of sales, with prominent c…
India needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report
India's manufacturing growth is hampered by low R&D spending, currently at 0.6% of GDP, a report highlights. To boost its manufacturing share, India aims to increase R&D expenditure to 2% by 2035, requiring greater private sector involvement and stronger inno…