However, Indian firms rank far below when it comes to absolute R&D investments made by them and the top-ranked company from the country, IT major Infosys, is ranked at 329th place globally. Infosys is the top-ranked Indian company at 329th place, followed by Reliance Industries (507th), Dr Reddy's (776th), Tata Steel, M&M at (888), Lupin (916), Ashok Leyland (1136), ONGC (1,222), BHEL (1,230), Cipla (1,275), Cadila Healthcare(1,313), Glenmark Pharma (1,314), Sun Pharma (1,336) and Wockhardt at 1,472nd place globally.
The 2012 EU Industrial R&D Scoreboard report shows that the R&D investment of US-based companies grew by 9 per cent, while that of companies from the EU rose by 8.9 per cent. Recovering from the earthquake, the associated nuclear disaster, the Thai floods and a strong Yen in 2011-12, the R&D growth rate for Japanese companies was also low at 1.6 per cent
Swiss companies increased their R&D investments by only a modest 1.4 per cent. Notably, the Swiss companies accounted for the largest number of entities on the top-1500 list.