Digital engineering to grow substantially, may account for 50-60% of ER&D revenue: Report

India has emerged as a leading destination for digital engineering, and its share in the overall ER&D revenue is expected to "grow substantially" from the current 28-30 per cent, according to a report by Nasscom-Deloitte.

In the field of engineering, research and development (ER&D), digital engineering (DE) is gradually displacing traditional engineering as the main force, said the report titled 'the future growth sectors in digital engineering'.

National Association of Software and Services Companies (NASSCOM) President, Debjani Ghosh said, "India is advancing into the fourth industrial revolution with an optimistic digital transformation revenue amounting to 50-60 per cent in overall ER&D revenues in the coming years".

India, the report noted, has already established a strong presence in this market due to its growing talent pool, developing environment for partnerships and favourable encouragement towards this industry from government institutions.