IP-led Innovation As Driver Of Indian Economy: The Role Of Businesses
IP ERA|January - February 2017 Issue

Given the new policy initiatives by the Government of India that provide significant opportunity, Indian companies must develop IP-based innovative products and solutions that lead to business and economic growth.

Dr. Aravind Chinchure
IP-led Innovation As Driver Of Indian Economy: The Role Of Businesses

India is one of the fastest growing economies in the world and is projected to become the world’s third largest economy by 2025. The country has made significant progress in the last 30 years. One of the key drivers for economic growth after the 1991 reforms was the increased domestic consumption led by the creation of lakhs of new jobs in the services sector and increased foreign direct investment (FDI). Growth in the last three decades has been mainly due to the services industry in the area of information and communication technology. To achieve the next phase of India’s economic growth and make it sustainable, it is imperative for India and Indian companies to foster research, technology, and innovation to develop IP-led products and services for Indian and global markets.

Why IP-led Innovation for Businesses?

IP-led innovation is critical for India’s future economic growth and competitiveness. India offers multi-billion- to trillion-dollar new market opportunities for companies to develop innovative products and solutions to meet the needs of the aspirational middle class and resource-poor people. The size of the aspirational middle class in India is expected to increase from 470 million in 2010 to 570 million in 2021. The market size is expected to cross USD one trillion due to the increase in the middle-class population in India1. Furthermore, products and solutions developed for the Indian market are going to be relevant to global markets.

Esta historia es de la edición January - February 2017 Issue de IP ERA.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición January - February 2017 Issue de IP ERA.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE IP ERAVer todo
Bioethics vis-a-vis Biosimilars
IP ERA

Bioethics vis-a-vis Biosimilars

With India moving from strength to strength in establishment of biosimilars as the current and next step of affordable healthcare, the need of the hour is to understand the regulatory guidelines and their implementation as per current requirements.

time-read
4 minutos  |
November - December 2016
Tackling Online Employment Frauds
IP ERA

Tackling Online Employment Frauds

Efforts need to be taken at all levels – enforcement agencies, government institutions, corporations and the Internet users themselves – to curb this rising menace.

time-read
6 minutos  |
November - December 2016
Google V. Equustek Solutions: The Cost of Doing Business?
IP ERA

Google V. Equustek Solutions: The Cost of Doing Business?

Whether this is a simple case of the cost of doing business or just another case of insisting that Internet service providers and search engines become Internet police, there should be better parameters in place to protect the freedom of speech and prevent the abuse of the system.

time-read
8 minutos  |
January - February 2017 Issue
Germany Hailed as an Arena for Solving International Patent Disputes
IP ERA

Germany Hailed as an Arena for Solving International Patent Disputes

Indian companies can enforce patents in Germany not only in cases where the opponent operates in Germany but also in cases where activities of the opponent have bearing on Germany. Even in a litigation where Germany is only marginally affected, Indian patentees may have a standing in Germany and be able to sue opponents from foreign countries such as USA, Japan, China and even India.

time-read
6 minutos  |
November - December 2016
Playing the Balancing Game
IP ERA

Playing the Balancing Game

In order to attract foreign investment and encourage technology transfer, the government needs to take both consumers’ and private sector’s interests into account. There is no doubt that a balance is needed such that exclusive rights are protected but at the same time, this ‘should not’ lead to abuse of dominant position by the rights’ holder.

time-read
6 minutos  |
November - December 2016
Biological Diversity Act, 2002: An Overview
IP ERA

Biological Diversity Act, 2002: An Overview

A look at the provisions and regulations issued under this Act that came into force entirely in 2004 mainly to give effect to the UN Convention on Biological Diversity held at Rio De Janeiro in 1992.

time-read
7 minutos  |
January - February 2017 Issue
Flying high: PTAB's Pilot Program For One-Judge Reviews
IP ERA

Flying high: PTAB's Pilot Program For One-Judge Reviews

The pilot program proposed by the Patent Trial and Appeal Board (PTAB) is a winwin for both patent owners and the PTAB as it offers the former a chance to try one’s case before an objective trial-phase panel, while the latter stands to benefit too as two of three judges who would have been involved in the institution phase of an IPR are now free to look into other matters…

time-read
5 minutos  |
January - February 2017 Issue
IP-led Innovation As Driver Of Indian Economy: The Role Of Businesses
IP ERA

IP-led Innovation As Driver Of Indian Economy: The Role Of Businesses

Given the new policy initiatives by the Government of India that provide significant opportunity, Indian companies must develop IP-based innovative products and solutions that lead to business and economic growth.

time-read
8 minutos  |
January - February 2017 Issue