BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Key data points on research and development spend -
In the listed space, 409 stocks spent Rs 360 billion, or 0.9% of their revenues, on R&D during FY20.
Top sectors spending on R&D included auto (Rs 111 billion), pharma (Rs 106 billion), industrials + energy (Rs 82 billion), and IT (Rs 23 billion).
Private sector investment in R&D at 37% is much lower than government and is a departure from global trend of higher contribution by private sector.
R&D spend in India has remained stable at approximately 0.7% of gross domestic product since 2014.
However, it is relatively low as compared to other emerging economies (1-1.5%) and significantly lower than developed economies and China ( more than 2%)
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