India’s global ER&D market to hit $63 bn in 2025: Nasscom1 min read . Updated: 02 Mar 2021, 11:26 PM IST
The sub-sectors driving growth of ER&D in 2019 are software products, semiconductors and automotive
Bengaluru: India’s share in the global engineering and research and development (ER&D) market is expected to grow at a compound annual growth rate (CAGR) of 12-13% to reach $63 billion by 2025 from $31 billion in 2019, said the Karnataka State Policy for ER&D 2021 released on Tuesday by the department of information technology and biotechnology of the Karnataka government in association with Nasscom.
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