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Global product engineering to India grows 40% in last 3 years

The recent report by Booz & Company with Nasscom shows continued growth in global engineering predominantly to India.

Overall spending on ER&D increased 12% from $980 billion in 2008 to $1.1 trillion in 2009 and is expected to expand to $1.4 trillion by 2020. India, a pioneer and leader in the global sourcing industry, remains a dominant player in the global ER&D services market, with revenue growth of more than 40% over the past three years to $8.3 billion in 2009 and expectations of reaching $40 billion to $45 billion by 2020

Executive Summary of Report:

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