02/05/2023
The Indian industry spent USD 6.5 billion on R&D in 2020-21 which accounts for around 39 percent of the total national R&D. India’s industrial R&D is dominated by the pharmaceuticals & biotechnology and automobiles & parts sectors. These top two sectors contribute to around 55 percent of the total industrial R&D spending in India. Some of the other major sectors contributing to industrial R&D in India include software & computer services, oil & gas and aerospace & defence. In 2021, the general industrials sector has made an appearance in the top 10 R&D sectors for India having replaced electronic & electrical equipment that was present in the top 10 sectors in 2019.
Global industrial R&D on the other hand is dominated by pharmaceuticals & biotechnology, software & computer services, technology & hardware equipment, automobiles & parts, and electronic & electrical equipment. Global industrial R&D has seen a change in the top 10 sectors, with a noticeable jump in construction & materials in 2021 while aerospace & defence having dropped off from the list of top 10 global industrial R&D sectors.