Indo-US IPR Conundrum

The much hyped ‘stand off’ between US and India on India’s current IPR regime and concerns expressed that India is not fully compliant with TRIPS Agreement is more a myth than a reality. The differences are relatively minor and even though India is in the Priority Watch List of USTR, it is more of an internal alert system within US with no relevance to India or her position in the global trading community or the WTO. In fact, U.S. has no pending serious disputes with India in WTO’s Dispute Settlement Body, unlike against China and many other Countries including ones in Europe, Latin American countries and Japan.