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Sector and Cluster Effects of FDI in R&D in India
India has been attracting foreign direct investment in research and development over the past decade. This article provides a quantitative assessment of the FDI in flow for R&D from 2003 to 2009, and the sector and cluster preferences of multinational corporations investing in R&D in India. FDI in R&D is limited to the information technology, pharma/ biotechnology, and automotive sectors. This infl ow of FDI has not caused growth, but rather has chased growth-oriented sectors.
This article draws on “Impact of FDI in R&D on Indian R&D and Production System”, supported by the Technology Information, Forecasting and Assessment Council. The authors would like to thank the sponsoring agency for its financial support, and acknowledge the assistance provided by Rammi Kapoor in project work.
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