India's new intellectual-property regime
Jan
20th 2005
From The Economist print edition
INDIA'S emergence as an
economic powerhouse was supposed to take another big step forward this year with
the implementation of a new regime for protecting patents. The weak old regime
long deterred foreign firms from setting up in India to use the country's ample
supply of educated workers to develop new products. Foreign drug firms, in
particular, looked forward eagerly to the new patent protections that India was
obliged to introduce this year to meet the requirements of the World Trade
Organisation (WTO).� |