India Inc. Is Spending More on R&D Than You Think

Everyone tracks capex announcements. Hardly anyone tracks R&D spending. A growing number of Indian companies are increasing investments in product development, electronics design, specialty chemicals and engineering capabilities. These expenses often hurt near-term margins but create stronger competitive advantages over time. Companies like $DIXON , $BEL , $TATAELXSI and $CGPOWER could be among the long-term beneficiaries as India moves up the value chain.