China Catching Up With India on R&D Investment
China is fast catching up with India as a destination for foreign investment in proprietary research and development, and could come to knock India from one of the few economic perches in which it is ahead of its northern neighbor, a study shows.
China, the worlds fastest-growing major economy, receives almost four times as much foreign direct investment as Indiaabout $105 billion in 2010.
But for years India has been ahead of China on investments into R&D.
In the fiscal year ended March 31, total R&D investment into India stood at $11.6 billion, which includes research for both proprietary and third-party use, compared to $9 billion for China, said Praveen Bhadada, a manager at the consulting firm Zinnov, which conducted the study.
But investment into China to fuel new products and innovations is growing at a much faster clip, at 16% a year compared to Indias 11% growth a year.
And China looks set to soon overtake India when it comes to proprietary research and development, with foreign investment for these purposes currently at around $7.65 billion in the last fiscal year, putting the country is within sniffing distance of Indias $7.75 billion worth of investmentlargely because of the countrys better infrastructure.
China Catching Up With India on R&D Investment - China Real Time Report - WSJ
China is fast catching up with India as a destination for foreign investment in proprietary research and development, and could come to knock India from one of the few economic perches in which it is ahead of its northern neighbor, a study shows.
China, the worlds fastest-growing major economy, receives almost four times as much foreign direct investment as Indiaabout $105 billion in 2010.
But for years India has been ahead of China on investments into R&D.
In the fiscal year ended March 31, total R&D investment into India stood at $11.6 billion, which includes research for both proprietary and third-party use, compared to $9 billion for China, said Praveen Bhadada, a manager at the consulting firm Zinnov, which conducted the study.
But investment into China to fuel new products and innovations is growing at a much faster clip, at 16% a year compared to Indias 11% growth a year.
And China looks set to soon overtake India when it comes to proprietary research and development, with foreign investment for these purposes currently at around $7.65 billion in the last fiscal year, putting the country is within sniffing distance of Indias $7.75 billion worth of investmentlargely because of the countrys better infrastructure.
China Catching Up With India on R&D Investment - China Real Time Report - WSJ
Am surprised that India was ahead of China at all.
