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A Laggard in the Lab
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... evelopment (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
Rank: 238 of 4890 in Economy
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