India Inc spent more on R&D in FY19, auto and pharma leading sectors
India Inc spent more on R&D in FY19, auto and pharma leading sectors The health care sector has been amongst the biggest spenders on R&D traditionally Current Affairs :Innovative work (R&D) spending by India Inc expanded in 2018-19 (FY19) over the earlier years (drove via vehicle and pharmaceutical divisions). Be that as it may, it was as yet a little level of the complete deals. In FY19, India Inc spent Rs 8,721.3 crore under the R&D head — almost a fifth more than the sum in 2017-18 (FY18), which was Rs 7,098.5 crore. The subtleties of these costs are accessible in the yearly reports of organizations, generally distributed before the second’s over quarter of the following money related year. This examination took a gander at 440 organizations for whom the nonstop information is accessible for as long as 10 years. Despite the fact that the R&D consumption has expanded, it is as yet a little level of the all out deals. The all out R&D spending i...