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A Laggard in the Lab

FOCUS Graphiti (2) Pharma accounts for more than a third of R&D spends in India. Globally, the IT sector leads the way India World * 모휴 A LAGGARD IN THE LAB 10% 7% 18% 13% 10% 8% 35% 21% 16% 38% Metals and Minerals Heavy Chemicals IT and Electronics Heavy Automobiles Engineering and Energy Pharmaceuticals Automobiles Engineering IT & ITES Health The private sector accounts for the bulk of R&D spends in India India's share of R&D spending as a percentage of GDP trails most other countries, including the BRIC* pack... In a competitive, globalised economy, companies need to innovate constantly to remain in the reckoning. Indian companies, however, have not yet woken up to the need to boost spending on research and development (R&D), through which alone product innovation is possible. India lags behind most countries, both developed and developing, in terms of annual R&D spends and patent filings Private Sector I Public A Sector Units 00 Figures in ? crore Research by Jyotindra Dubey Graphic by Santosh Kushwaha Of the 10 companies which spend the most on R&D in India, six have reduced their expenditure on it as a percentage of revenue in the past few years 2011/12 2011/12 2010/11 2009/10 2007/08 R&D Expenditure* % of Revenue R&D Expenditure* % of Revenue 9.3 595 6.0 354 Dr. Reddy's Laboratories 2011/12 2010/11 2009/10 2.7 506 0.4 618 Tata Steel 1.5 488 0.8 205 Mahindra & Mahindra 9.7 453 4.2 428 Ranbaxy Laboratories *Brazil, Russia, India & China 8.2 409 4.7 273 Sun Pharmaceutical Industries 6.7 7.1 364 ... Not surprisingly, India is a 134 Cadila Healthcare TOP PATENT FILERS* China *Figures in crore The remaining four in the top ten - BHEL, Infosys, Lupin and Bharat Electronics - showed a marginal increase in their R&D expenditure as a percentage of revenue 525,412 503,582 us laggard in patent filings Japan 342,610 Republic of Korea 178,924 142,793 European Patent Centre Germany 59,433 Source: BT Research, CMIE Prowess, The 2012 Global Innovation 1000 Study - Booz & Co. india 42,291 *Figures for the year 2011 ) 6,694 )8,402 1,809 2,131 12,453 Japan 3.67 Finland Sn Germany 2.54 2.06 2.02 1.84 1.44 Australia France Canada China 1.10 Brazil Russia 0.95 India

A Laggard in the Lab

shared by daSantosh on Mar 26
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In a competitive, globalised economy, companies need to innovate constantly to remain in the reckoning. Indian companies, however, have not yet woken up to the need to boost spending on research and d...

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