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INDIA: International Outlier on IP
In 2010, the then-President of India declared the next 10 years to be India’s “Decade of Innovation.” Promoting innovation means protecting domestic innovators and creators, attracting world-class research and development, and creating and sustaining high-quality future jobs through a robust intellectual property (IP) system.
However, recent policy, regulatory, and legal decisions have deteriorated IP rights in the country, making India an outlier in the international community. The purpose of the review, India: The International Outlier on IP, is to provide a succinct and evidence-based analysis of the consequences of India’s poor IP environment.
Many studies have pointed to the direct, positive relationship between the strength in intellectual property rights and the inflow of foreign direct investment (FDI), which is an important broad measure of a country’s attractiveness for investing and doing business. The Organization for Economic Co-operation and Development (OECD) found that a 1% change in the strength in a country’s IP rights environment is associated with a 2.8% increase in FDI inflows.
Global Innovation Policy Center @globalIPcenter 9h
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