Over the last few years, India has been performing well on the Global Innovation Index rising from 81 in 2015 to 52 in 2019. Consequently, India holds the distinction of being the most innovative country in central and southern Asia and lies among the global leaders in some of the key parameters like graduates in science and engineering, the quality of universities, ICT exports, and gross capital formation. India has also made improvements in the overall intellectual property environment. In the International Property Rights Index, India has improved its ranking from 59 to 55 between 2018 and 2019.
However, while such metrics can give a broad sense of the innovation ecosystem within a country, a deeper discussion on the enabling factors around it are necessary. With this perspective in mind, the Institute for Competitiveness held a roundtable on “Innovation and Intellectual Property Rights” to gather viewpoints of key stakeholders from the government, industry, and academia. There were a few common themes that emerged from the discussions.