In the last few years, market place is abuzz about India as an emerging destination for R&D due to availability of quality talent, people with knowledge of product development process moving back to India, cost arbitrage, MNC R&D centers and several other advantages. This holds true for 'offshored R&D functions' and for 'software products' to a great extent but not beyond that.
While there is some amount of work happening on the non-software front, it is limited to a few players and a few areas. For any country to be termed as an R&D hub, it needs to have companies working on 'complete product' development with several homegrown product companies/technologies. India is at par with the world when it comes to emerging technologies and products development in the 'software' field. The ecosystem for Indian software product companies and start-ups have evolved significantly during this decade. However, telecom industry in India, even though with one of the largest and fastest growing subscriber base, is far behind in terms of development of core products (including hardware) around wireless/wireline technologies or other products compared to its peers like China. China has several homegrown technologies (such as TD-SCDMA) and product companies such as ZTE and Huawei, etc. Leave aside emerging technology areas such as 3G, 4G, WCDMA, LTE, HSDPA, IPTV, etc.
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