Research and development play a major role in the development of a nation. The industries that have developed have research and development budget even higher than India and Pakistan national budgets. India has been showing great progress in the industrial sector but still has a room for great research and development. Indian market is still not a saturated market and research and development can open doors of progress for India. Industry plays a major role in the development of an economy and research and development ensures positive industrialization and hence ensures a growing economy.