Page 649 - SSB Interview: The Complete Guide, Second Edition

also increased a lot of job opportunities for the youth in India.

India in the global market

In 2016, India’s Engineering R&D globalisation services reached up to
$22 million, and it is believed that it will reach up to $38 million by

2020.

India is ranked as the top innovation destination in the world with more

than 25 innovation centres located here.

India stands second for its active contribution towards research and
innovative ideas.

India’s market, which is almost 22% of the total global market, has
grown faster at a rate of 12.67%. This is considered as the most rapid

growth in India till now.

India is now among the top 100 positions declared by the Global
Innovation Index and is expected to reach the top 25 in a very few years.

Recent investments in India

Intel India plans to invest in a `1,100 crore worth innovation centre for

research and development purposes in Bengaluru. This is considered to
be the largest innovation centre outside the US.

The renowned and one of the best automobile companies in India,

TATA Motors, has tied up with Microsoft. This deal is based on the in-
connectivity vehicle technology with artificial intelligence capabilities to

improve the in-car experience. This will be a significant milestone in the

world of automobiles with a substantial contribution of India in it.

The Government is planning to invest `6.9 trillion to build an 83,677 km

road fully made up of plastic waste. This is going to be a new