Author(s): Rashmi Rati

 In looking at the needs for India’s next stage of growth, both industry and policymakers are focusing on strategies for fostering capacity for innovation. The link between innovation and competitive ness can be clearly demonstrated at a national level, and at a sub-national level there is also a growing need for understanding the dynamics of innovation and to take requisite steps accordingly. With this in mind, a stable IPR regime is the foundation of a globally competitive nation, drawing in investments, specifically from FDI. Ultimately, India will do well in the long term if it enables a robust IP ecosystem and protects the IP of its own companies. It will also provide a stable framework for multinational companies wanting to enter India. In 1994, India signed the TRIPs Agreement, which obligated the country to dramatically strengthen its protection and enforcement of intellectual property rights (IPR). This paper analyzes and deals with the IP law regime in India and the protections provided there under. This essay looks at the broad contours of India’s current intellectual property rights (IPR) regime and offers an assessment of the current situation as well as scenarios for continued advancement