Unlocking Growth: Why Indian Firms Must Invest in R&D Now! | The Core Report скачать в хорошем качестве

Unlocking Growth: Why Indian Firms Must Invest in R&D Now! | The Core Report

In this weekend edition of The Core Report, prominent Indian businessman and Co-Chairperson of Forbes Marshall Naushad Forbes and Financial journalist Govindraj Ethiraj explore the reasons why Indian companies are lagging behind global firms in R&D spending. Forbes argues that India's investment in R&D is significantly lower than the world average, with Indian firms only investing 0.3% of their GDP in R&D compared to 1.5% globally. This low investment stems from a combination of factors, including a lack of awareness about the benefits of R&D, a perception that Indian firms are already investing enough, and an absence of a strong internal culture that prioritizes innovation. He emphasizes that while there is a readily available pool of R&D talent in India, it is often utilized by foreign companies, rather than Indian ones. Mr. Forbes also highlights that a lack of aggressive competition in the domestic market due to protective tariffs, coupled with a reluctance to engage with Asian markets, is hindering the growth of R&D in India. Forbes advocates for policies that promote competitiveness, such as a reduction in tariffs and participation in free trade agreements, to incentivize Indian firms to invest more in R&D. #InnovationInIndia #IndianEconomy #futureofbusiness #R&D #researchanddevelopment #businessstrategy #businessgrowth #businessideas #Entrepreneurship #TheCoreReport Thank you for watching this episode of The Core Report: Weekend Edition! If you found this conversation insightful, don't forget to hit the like button and share your thoughts in the comments below. Stay ahead of global financial trends by subscribing to our channel and turning on notifications, so you never miss an update. For deeper analysis and exclusive expert insights, follow us on social media and visit thecore.in. Join our growing community of investors and thought leaders as we explore the trends shaping markets and economies worldwide. See you in the next episode! Listeners! We await your feedback: https://tinyurl.com/TCR-Listener-Survey The Core & The Core Report is ad supported & FREE for all readers & listeners. Write in to [email protected] for sponsorships & brand studio requirements. For more of our coverage check out thecore.in (https://www.thecore.in/) Support the Core Report (https://tinyurl.com/Support-the-Core-...) Join & Interact anonymously on our WhatsApp channel (https://tinyurl.com/The-Core-WhatsApp...) Subscribe to our Newsletter (https://www.thecore.in/category/podca...) Follow Us on [Social Media Platform] for More Updates!: Twitter (  / the_core_in  ) Instagram (  / the.core.in  ) Facebook (  / thecore.biz  ) Linkedin (  / thecore-in  ) Youtube (   / @thecore_in  )