R&D gives India its big boost in the tech world – BBC Online 06-06-12

Salient to Investors:

India experiencing a big shift as very small companies perform use cutting-edge research to develop exciting new products.

Large multinationals are driving R&D activity – offshoring is growing at 23% annually. Nearly half of the world’s largest R&D spenders have centers in India.

While public funding for research remains very low, Indian labor is very cheap.

Read the full article at http://www.bbc.co.uk/news/business-18330837

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