APRIL 2008
How India is turning knowledge into wealth
Although pharmaceutical patents dominate debates about innovation in India, government and industry are leading an IP overhaul in many other areas, says Peter Ollier
| One-minute read |
India's impressive rate of economic growth often leads to comparisons with its Asian neighbour China. But while the Chinese government is encouraging domestic companies to develop IP strategies and protect their inventions and brands with patents and trade marks, statistics reveal that their Indian counterparts are lagging behind.
Now Indian officials are trying to catch up. The country's patent and trade mark offices have been modernized and the government is introducing Bayh-Dole-style legislation in an attempt to boost innovation in the country's universities and research institutes. In this article, Peter Ollier assesses the progress made so far, and the barriers that Indian companies still need to break through if they want to become global IP leaders. |
Economic analysts have coined the term Chindia to refer to the stunning rise of China and India over the past decade. The complementary strengths of the two countries gives the term some validity; China is stronger in manufacturing, India in outsourcing, both have populations that top 1 billion and both are increasingly influential on the world stage.
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