India is expected to deliver over one-third of the global engineering, and research and development (ER&D) offshoring services by 2020, according to a study conducted by Nasscom, in association with research and consulting firm Booz & Company.
According to the report, ER&D services exports from India is expected to reach $37-45 billion by 2020, when the global ER&D offshoring opportunity is predicated to reach $118 billion. In 2011-12, Indian ER&D exports crossed $10 billion, it said.
The study said despite global economic slowdown, digitisation and demand for mobility is driving the growth for ER&D spend across all the sectors.
