Leveraging public funded research for India's economic emergence: The role of IPR

India's emergence in the world economy may be largely attributed to its sustained efforts towards technological learning, capacity building and innovation. At this juncture, India's transition to a knowledge economy could be facilitated by harnessing the rich research potential of its public funded institutions. It is in this context that we take a fresh look at India's public funded research for technological advancement focussing on IPR and related concerns. We conclude that a hurriedly implemented IPR law, as envisaged in the ‘Indian Bayh-Dole Bill 2008’, can hardly be expected to act as an instant magic formula to energise Indian academic research for commercial application.