The R&D jobs that result in these breakthroughs usually require advanced degrees. And going by the graduation numbers, India's R&D machine should be imploding, not expanding. So how is India doing it?
My team traveled to India and met with chief executives, human resources directors, R&D managers, and visited the R&D and training facilities of 24 leading companies to find out. We were amazed by what we learned.
Faced with severe talent shortages, escalating salaries, and a lagging education system, Indian industry had to rethink the way it recruited, trained, developed, and retained its workforce. It started by adapting the best practices of companies that were outsourcing R&D to India. Then leading companies in diverse industries started improving on these techniques and methods; they refined and integrated them into a unified system. We found innovation in several areas.