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Last Updated: April-June 2008
 
India is continuously attracting people, ideas and technologies from around the world, owing to its world class educational institutions, a robust intellectual property regime and a rich talent pool - at a very competitive cost. Given the world's 3rd largest scientific and technical manpower, India's research and development capability spans a wide spectrum of industries, and its science and technology grows well above the global average. Indian output of science - measured by the quality and quantity of Science Citation Index papers - has also been growing at a CAGR of 8 per cent in the past three years (the world average was 4 per cent). Significantly, the country also aims at putting training and education of quality talents at a prominent strategic position. And, with MNCs setting up India centres and offshoring design tasks to India, it is also emerging as a design and engineering hub - predicted to touch US$ 43 billion in 2015 (from US$ 3.2 billion in 2005).
 
 
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
 
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