High 'research and development' spenders outperform market with 23.5 pc returns: Report
Prokeralavia NewsData.io
Companies that sharply increased research and development (R&D) spending over the past five years delivered significantly stronger stock-market returns than the broader market, a report said on Monday, adding that India's Gross Expenditure on Research and Development (GERD) stood at Rs 2.45 lakh crore in FY24, equivalent to 0.84 per cent of GDP.The report from Monarch Alternative Investment Fund (AIF) said 130 companies that increased R&D expenditure at a compound annual growth rate (CAGR) of over 20 per cent between FY21 and FY26 generated an average stock-price CAGR of 23.5 per cent from Apr
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