The country needs to make the right interventions in order to revamp its patent ecosystem. Examine (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· The recent report of the Economic Advisory Council to the Prime Minister (EAC-PM), highlights the significance of a robust patent system for a knowledge economy and for the promotion of technological innovations.
· A major concern expressed in the EAC-PM report is the long pendency of processing patent applications in India.
· The total number of patent applications to the Indian patent office has increased by 48% between 2010-11 and 2020-21, largely driven by applications by residents.
· It is worth examining if perverse incentives have been created in the process, which encourage the filing of patent applications even when the innovator knows that their claims will not pass scrutiny.
· The higher education sector of India is rising in prominence in the research and development spending and patenting landscape of India.
· The growing prominence of this sector in patenting activity indicates the priority it attaches to commercially significant technological innovations.
· India’s score for this indicator has in fact declined over the last few years, from 47.8 in 2015 to 42.7 in 2021.
· As the patent system is a critical aspect of the national innovation ecosystem, investing in the patent ecosystem will help in strengthening the innovation capability of India.
PANDI SANTHOSH RAJA S 2 years
Kindly review
IAS Parliament 2 years
Good attempt. Keep Writing.
Tapasvi 2 years
Kindly review
IAS Parliament 2 years
Good attempt. Keep Writing.
K. V. A 2 years
Pls review
IAS Parliament 2 years
Good attempt. Keep Writing.
