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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).