ADVANTAGE INDIA: Gateway to Global Engineering R&D and Innovation

In the last two decades, great strides have been made in the Indian Engineering R&D services sector, and it is expected to reach USD 63 billion by 2025, up from USD 31 billion in 2019. India's current share of the global Engineering R&D outsourcing market is 30 percent and is expected to reach 50 percent within a decade. In an era of rapidly accelerating digitization and technology transformation, India is uniquely positioned to tap into this opportunity and support global MNCs with their digital transformation efforts. India is today a home to 1300+ ER&D GCCs; across industry verticals operating at a scale which makes them amongst the largest technology hubs for the parent organization.

India has emerged as a global powerhouse for Engineering R&D and is steadfastly committed to ushering future growth and innovation for global enterprises. Across sectors and technologies, India provides differentiated Engineering R&D services that have global enterprises in the context of driving revenue growth, operational excellence, competitive differentiation, product innovation and regulatory compliance.

Over the years, Indian ER&D has evolved from providing engineering support to end to end ownership of engineering and product development initiatives. The India ER&D success story; has been made possible by its large qualified technology and digital talent pool, a progressive and vibrant start-up and university ecosystem, strong focus on innovation and service delivery. This report, "Advantage India: Gateway to Global Engineering R&D and Innovation," is a testimony to the achievements and value propositions of the Indian Engineering R&D ecosystem that has led to India becoming a destination of choice for Engineering R&D. The report highlights stories of innovation, talent excellence, service delivery excellence, resilience from the Indian Engineering R&D players.