Salient to Investors:
India experiencing a big shift as very small companies perform use cutting-edge research to develop exciting new products.
Large multinationals are driving R&D activity – offshoring is growing at 23% annually. Nearly half of the world’s largest R&D spenders have centers in India.
While public funding for research remains very low, Indian labor is very cheap.
Read the full article at http://www.bbc.co.uk/news/business-18330837