Market size of engineering, research and development in India 2019-2025
It was estimated that in the year of 2025, the market size of engineering, research and development (ER&D) in India would reach 63 billion U.S. dollars, more than doubled from 31 billion dollars in 2019. The growth was estimated to be driven by global enterprises across automotive, aerospace, consumer electronics, medical devices, industrial and energy, semiconductor, and telecommunications sectors.