India’s financialisation has outpaced its innovation engine, EY India CEO and Chairman Rajiv Memani observed, flagging weak R&D intensity as a structural concern for corporate India.
“R and D spends are a challenge,” Memani said, arguing that Indian industry must rethink how it builds durable competitive advantages. “Indian industry needs to see how we can build the moat around R and D.”
Speaking at the News18 Rising Bharat Summit, he pointed to a troubling market signal that companies are often penalised for investing in long-term…

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