Market value of engineering, research and development sourcing in India 2023-2030
In 2023, it was estimated the market value of business engineering, research and development (ER&D) sourcing would reach 45 billion U.S. dollars. It was forecasted that the market value would reach 170 billion dollars by the year 2030. In 2023, India's share of global ER&D sourcing market was at 17 percent.