India Has a Rich ER&D Outsourcing Ecosystem
India has a rich ER&D outsourcing ecosystem with Bangalore city home to the highest volume (~48%) of outsourcing activity. The total ER&D outsourcing spend for 2018 stood at $2.17 bn with automotive accounting for a dominant share of the spends.Consumer software, enterprise software, aerospace, and telecommunications are the next big spenders signaling massive opportunities for service providers across verticals. Top outsourcers include Daimler, Tata Motors, and GM.
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