According to Nasscom, India’s ER&D market is expected to grow at a CAGR of 12%-13% to reach $63bn by 2025 from $31bn in 2019. The pandemic has provided a chance to ER&D enterprises that focus on product design and innovation to partner with global enterprises. The growth is being led by automotive, aerospace, consumer electronics, medical devices, industrial and energy, semiconductor, telecom domains.

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