Business 409 listed companies spend Rs 36,000 crore on R&D in FY20; Tata Motors tops the list Updated : October 19, 2020 06:21 PM IST The private sector investment in R&D was at 37 percent which is much lower than the government. R&D spend in India has remained stable at around 0.7 percent of GDP since 2014. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.