India as an Innovation Economy: The Role of IP and ICT

Abstract

The objective of this white paper is to discuss the essential role of ICT and IP for India to become an Innovation Economy. The paper also looks at India’s position vis-à-vis other developed and developing countries in some key innovation indices, identifies the gaps, discusses how ICT and IP can help to enhance India’s global positioning as a hub for innovation and technology development, bring in investment, and create high quality jobs. In the end, the paper makes policy recommendations on how India can leapfrog into an Innovation Economy and identifies how the EU and its Member States can contribute through collaborations and mutually beneficial partnerships in India’s journey towards becoming an Innovation Economy.