GROWTH PATH

India’s share in global ER&D market expected to grow at CAGR of 12-13% to reach $63 billion by 2025 from $31 billion in 2019

Indian states are working on ER&D policies; Karnataka introduced in March, while Telangana and Maharashtra are working to implement it

48% global ER&D spenders do not have presence in India yet

After an initial dip during the pandemic, confidence in Indian ER&D providers is high among clients