Volume : IV, Issue : XI, November - 2015

GERD AND IPRs

Yasmeen Pathan

Abstract :

 The Economy of India is the tenth–largest in the world by nominal GDP (1,937,797 mn $) and the third–largest by purchasing power parity (PPP). The country is one of the G–20 major economies, a member of BRICS and a developing economy among the top 20 global traders according to the WTO. Some of the Opportunities include Young Labour Force, Make in India Campaign, Manufacturing Industry, Huge Customer Base (2nd largest populated country amongst the world) while the Challenges are Technology, Intellectual Property, Bureaucracy, Institutions, Institutional Environment (Customs, Traditions of doing business) and Tax Regimes. The world economic forum’s latest report “The Global Competitiveness Report 2014–15” provides an overview of the competitiveness performance of 144 economies. Amongst the 12 pillars of competitiveness that they talk about, one is Innovation. Bloomberg has recently come out with “the Bloomberg Innovation Index”. The parameter of the Index is R & D intensity, Manufacturing Capability, High Technology Density, Researcher Concentration, Education (Tertiary) Levels and Patent Activity. Innovation can emerge from new technological and non–technological knowledge. Non–technological innovations are closely related to the know–how, skills and working conditions that are embedded in organizations while Technological Knowledge is related to Intellectual Property of the Country i.e. its Patents, Trademarks and Industrial Designs. This paper focuses on the functional relationship between Research and Development (R&D) Expenditure and Intellectual Property Rights.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Yasmeen Pathan / GERD AND IPRs / International Journal of Scientific Research, Vol : 4, Issue : 11 November 2015

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