India ranks in the top ten among the most attractive destinations for investment in technology transactions worldwide. Modern India has focused heavily on science and technology, recognizing that this is crucial for economic growth. As a result, India is among the world's top countries in scientific research and is one of the top five nations in space exploration. According to NASSCOM (National Association of Software and Service Companies), the Indian engineering, research, and development market share are expected to grow at a 12-13% CAGR (Compounded Annual Growth Rate), reaching US$63 billion by 2025.
According to a report, the market research industry is projected to grow 12% to 14% annually through FY26 and surpass the $4 billion mark. In addition, the report anticipates that analytics services will account for 59% by FY26, while market research and syndicate/publishing services will account for 27% and 14%, respectively.