According to the Grant Thornton International Business Report, 45 per cent of businesses in the BRIC countries (Brazil, Russia, India and China) plan to increase investment in research and development over the next year, compared to just 18 per cent in the G7.
Similarly, 47 per cent of BRIC businesses plan to increase investment in plant and machinery over the next 12 months, compared to 37 per cent in the G7.
"The results indicate an interesting trend, while businesses in developed economies are sitting on their cash, their emerging market counterparts are investing in their future," Grant Thornton India LLP Partner Munesh Khanna said.
This focus is apparent in some of the fastest growing markets globally: Compared to three months ago, 15 per cent more businesses in China are now looking to increase investment in research and development.
In Mexico, 14 per cent more businesses are planning to boost investment in new plant & machinery, and in Turkey the proportion of businesses planning to increase investment in new buildings is up 12
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