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India Eyes R&D Shift to Asia
The Big Shift
The study answered the question of where these jobs were shifted to. “Over time, global science and technology capabilities have grown nowhere more so than Asia.” said the study. 
“In most broad aspects of science and technology activities, the United States continues to maintain a position of leadership. But it has experienced a gradual erosion of its position in many specific areas.” In terms of R&D investments, China, India, Japan, South- Korea, and 6 other Asian countries put together reached the level of the United States for the first time. One of the report’s pivotal findings was that of China becoming the second-largest nation in R&D performance, after overtaking Japan in the past decade. Half the world’s R&D spending in 2009 was accounted to the United States, China and Japan.
3M, the technology company, is one of the firms that spends the most on R&D in the business world—about 5 to 6 percent of its annual income is spent every year on research. CEO George Buckley told investors last year that the company was preparing for a World where the West was no longer a manufacturing epicenter. "Given the moribund interest in science in the U.S., this is strategically very important", he said.
