Zinnov released a ‘Attrition, Hiring and Salary Increase 2013’ report on the MNC R&D ecosystem that showed sustained growth levels in hiring and reduction in attrition over the previous financial year. The report found that depreciating rupee value has contributed positively in offsetting macroeconomic challenges.
According to the report, India currently hosts 1,031 MNC R&D centers, growing at ~4% year or year, with an overall employment base of 2,44,000 growing at ~11% year on year. It also stated that of this talent pool, ~59% is employed in Software, Telecommunication and Semiconductor verticals. Software companies alone employ ~35% of the total R&D talent present in India.
According to the report, India currently hosts 1,031 MNC R&D centers, growing at ~4% year or year, with an overall employment base of 2,44,000 growing at ~11% year on year. It also stated that of this talent pool, ~59% is employed in Software, Telecommunication and Semiconductor verticals. Software companies alone employ ~35% of the total R&D talent present in India.