India Inc tops R&D investment growth global charts
Japan was also very low at 1.6 per cent, as the Japanese companies suffered in 2011/12 from the effects of the Japanese earthquake, the associated nuclear disaster, the Thai floods and a strong Yen.
Swiss companies, who account for the largest number of entities on the top-1500 list, increased their R&D investments by only a modest 1.4 per cent.
"The largest increases in R&D investment were reported by companies based in India and China, although the total R&D for these two countries is still modest," the report said.
Globally, the companies increased their R&D investments by an average of 7.6 per cent, while they recorded sales and profit growth rates of 7.1 per cent and 9.7 per cent, respectively.
"Japanese company Toyota Motor appears at the top of the ranking in the 2012 Scoreboard. The top R&D investor based in the EU is Volkswagen, at number three in the world ranking and the only EU company in the top 10 (US has 5 companies, Switzerland 2 and South Korea 1)," the report said.
Pharma companies -- Roche, Pfizer and Merck – have slipped down in the ranking but remain among the top 10.
In terms of sectors, most companies showing very large R&D increases among the top 100 are in the ICT (Information, Communication and Technology) space, while companies from automobiles and parts, industrial engineering and electronics sectors have also registered strong growth in R&D investments.
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