#420 Why Indian Firms must Invest More in R&D
In this weekend edition of The Core Report, prominent Indian businessman and Co-Chairperson of Forbes Marshall Naushad Forbes and Financial journalist Govindraj Ethiraj explore the reasons why Indian companies are lagging behind global firms in R&D spending. Forbes argues that India's investment in R&D is significantly lower than the world average, with Indian firms only investing 0.3% of their GDP in R&D compared to 1.5% globally. This low investment stems from a combination of factors, including a lack of awareness about the benefits of R&D, a perception that Indian firms are already…
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