India spends 0.8% of GDP on R&D, China 2.7%. The listed companies that buck the trend are beating the market: Monarch AIF
03nd November 2026, Mumbai: Companies that have consistently increased their Research & Development (R&D) spending have delivered stronger historical stock returns than the broader market, according to an analysis by Monarch AIF. The 130 companies that grew their R&D expenditure at a CAGR of over 20% during FY21–FY26 delivered an average stock-price CAGR of 23.5%…
