‘Indian industry’s awareness about IP’s role in competitiveness needs to be enhanced’
How has globalisation changed things in India when it comes to Intellectual Property Rights (IPR)?
Globalisation along with advances in new technologies and the digital environment have magnified the role of innovation and knowledge in the development process. Intellectual property (IP) has become one of the main driving forces for stimulation and diffusion of innovation and creativity in knowledge-based economies. By its broad and cross-cutting nature, IP has also acquired a new salience to some of the most pressing global and public policy issues such as health care, food security, climate change, preservation of biodiversity, traditional knowledge and cultural heritage. The filing of patents and trademarks in India has shown a healthy growth in recent years, signifying greater attention by Indian inventors and creators to protect new ideas and concepts by using various IP tools. In certain industries like publishing, information technology and software, films, music and performing arts, India is a significant global player and will continue to benefit from an effective copyright protection. Ultimately, the challenge for India, as for
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