Over 80% of listed companies didn't record any R&D spends
There was an increase in the share of companies recording zero R&D spends in FY21
Split bars companies recording zero R&D spends moved up from 2,365 in FY19 to 2,381 in FY21. The proportion of such companies in the sample increased from 81.7% to 82.3% in the same period.
Compiled by BS Research Bureau. Based on a sample of 2,893 companies with comparable data.
Capitaline, Business Standard calculations