An intreresting artcile from Economist providing insight about R&D outsourcing by MNC companies.
As per chart 4, in enclosed article, R&D spent by US Based MNCs have gone near $ 2 billion in 2000 to around $ 12 Billion in 2022. Of these spent, regionwise spent shown in graph, in my reading, indicate, that Share of India in this R&D spending has gone up from near zero in 2000 to USD 5 billion in 2022. which is more than 40% of total R&D spending by US based MNCs. This indicate strong secular trends for Global Captives which are major market for Embassy REIT.
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Discl: Same as previous note.
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