India as an innovation economy: the role of IP and ICT
To harness India’s potential as an innovation ecosystem there needs to be more focus on Intellectual Property creation and commercialisation. But, there is a huge gap in this space, according to a recent report. A white paper ‘India as an Innovation Economy: Role of IP and ICT’ released by the Indian Council for Research on International Economic Relations (ICRIER) and the European Business and Technology Centre (EBTC) observed that to realise the potential, research funding from public and private domains should increase. India is the second largest telecommunication market with Information and Communication Technology (ICT) revenue expected to reach $225 billion in 2020. But, as a country lack in terms of innovation and filing Intellectual Property (IP) due to lack of funds to create innovative solutions.
Related Content
- World development report 2022: finance for an equitable recovery
- Energy efficiency 2021
- Financing the SDGs to build back better from the COVID-19 pandemic in Asia and the Pacific
- Role of ICT dissemination and digital finance in poverty eradication and income inequality reduction: a sub-national level study from India
- Commodities and Development Report 2021: escaping from the commodity dependence trap through technology and innovation
- Cities, culture, creativity: leveraging culture and creativity for sustainable urban development and inclusive growth