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14/09/2022 - Government Policies

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September 14, 2022

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.

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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.

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