Latest / International Business with Fexingo: Global Trade, Cross-Border Deals, and Multinational Operations
How India's IT Sector Is Capturing Global R&D Spend
Lucas and Luna explore a new frontier in India's services exports: global R&D and engineering outsourcing. While Indian IT firms have long dominated call centers and back-office work, they are now capturing a growing share of multinational R&D budgets — from chip design to pharmaceutical research. Lucas breaks down the numbers: India's R&D services exports reached $47 billion in the past year, up 18% year-over-year, driven by a shortage of engineers in the West and India's deep talent pool. They discuss how companies like Tata Consultancy Services and Infosys are building…
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