
Innovate in India: The country cannot afford to wait any longer for a robust intellectual property rights regime
FirstpostIndia’s patent productivity is quite low compared to that of Japan, US, South Korea, and China. It is time for us to progress from manufacturing to innovation and an important requirement is a robust intellectual property rights system, India has improved its ranking in the U.S. Chamber’s international IP Index, to 44 out of 50 countries this year, which represents a significant positive change. Prime Minister Narendra Modi has been trying to position India as an investment destination, with the help of flagship initiatives such as ‘Make in India’ and ‘Startup India’, but we also have the potential to become an innovation hub and a robust IPR system can help us realise that potential. An uncomfortable reality is that India’s patent productivity is considerably low compared to that of countries such as Japan, USA, South Korea, and China. Following the passage of India’s Patents Act 2005, patent applications have certainly increased, but the necessary infrastructure to process them remains inadequate.
History of this topic

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