Analysis and growth (R&D) spending by BSE 100 firms has grown steadily, rising from 0.89 per cent of income in FY20 to 1.32 per cent in FY24, averaging round 1 per cent over the interval in-between, based on information compiled from Bloomberg and firm annual studies.
Additionally, these firms greater than doubled their R&D spending in absolute phrases over these 5 years: From Rs 25,041 crore to Rs 63,072 crore.
Whereas this displays a prioritisation of innovation, company R&D funding stays comparatively conservative. Consultants notice that solely a handful of firms have considerably elevated their R&D spend, indicating that
