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:: 48 India


Offering Higher Education in India
48 India    10/10/2008 1:36:22 PM

Opportunities in Training and Research

Higher Education & Research in India: An Untapped Opportunity

Demand for Research Professionals

Industry-led R&D is witnessing a rapid growth in India. Over 200 MNCs have initiated their research and
development (R&D) operations in an array of domains including IT/telecom, biotechnology, pharmaceuticals,
chemicals and consumer goods. Public-private partnerships have seen a growth with both industry and
academic/research institutions benefiting from the process. Several MNCs are currently meeting their requirement of R&D professionals by hiring expatriates for senior positions and training qualified engineers/science graduates from India for entry-level positions. However, in the next five to ten years, the lack of suitably qualified and trained technical professionals could be an impediment to the growth of the R&D industry. In this article, Evalueserve explores the demand of research professionals in the Indian R&D industry over the next ten years. Evalueserve believes that there is a huge opportunity for international technical universities and research institutes to assist India in meeting the demand for trained R&D professionals. Evalueserve also provides an overview of some possible business models that international universities could consider for establishing their presence in India.

The Indian R&D industry was valued at USD 8.5 billion in 2005, representing around 1.16 percent of India’s GDP. Evalueserve estimates that the Indian R&D industry will register a CAGR of 26 percent to reach USD 27.5 billion in 2010. Similarly, the R&D spend is expected to grow at a CAGR of 19 percent during 2011-15 to reach USD 64.5 billion in 2015. As a result, the contribution of R&D as a percentage of GDP is expected to grow to around 2.0 percent by 2010 and 2.6 percent by 2015.


[...]


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