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    "headline": "NASSCOM Projects India's ER&D Revenue to Cross $100 Billion by 2030",
    "dek": "NASSCOM projects India's engineering R&D revenue will exceed $100 billion by 2030 driven by AI adoption.",
    "prose": "NASSCOM President Rajesh Nambiar said India's ER&D services revenue is projected to cross $100 billion by 2030, compared with $63 billion in FY26. [^1]\n\nNASSCOM called on Indian ER&D companies to take greater ownership of global product development to expand their role in the industry. [^2]\n\nNASSCOM reported that globally, ER&D spending is expected to reach $2.48-2.50 trillion by 2030, growing at a compound annual growth rate of 8-9% between CY24 and CY30. [^3]\n\nNASSCOM stated in Bengaluru on Tuesday that Artificial Intelligence is reshaping India's engineering research and development landscape while Physical AI opens new opportunities across robotics and industrial applications. [^4]\n\nUma Kannan reported on 2026-09-01 that a large part of this projected revenue growth will be driven by AI. [^5]\n\nUma Kannan stated on 2026-09-01 that AI is moving beyond productivity tools to get embedded across the engineering lifecycle. [^6]",
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      "statement": "NASSCOM President Rajesh Nambiar said India's ER&D services revenue is projected to cross $100 billion by 2030, compared with $63 billion in FY26.",
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      "statement": "NASSCOM reported that globally, ER&D spending is expected to reach $2.48-2.50 trillion by 2030, growing at a compound annual growth rate of 8-9% between CY24 and CY30.",
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