BSE 100 business increase R&ampD costs, yet innovation problems continue to persist Stock Market Today

.6 min read Last Updated: Oct 05 2024|12:12 AM IST.Trial and error (R&ampD) spending by BSE 100 business has grown gradually, increasing from 0.89 percent of profits in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the duration in-between, according to information collected coming from Bloomberg and company annual documents.Additionally, these firms more than increased their R&ampD spending in outright phrases over these five years: From Rs 25,041 crore to Rs 63,072 crore.While this shows a prioritisation of development, company R&ampD investment continues to be fairly conservative. Pros note that just a handful of firms have actually substantially enhanced their R&ampD spend, showing that.