India is well on its way to developing a world-class IT sector. For example, on the strength of its dynamic human capital and extensive investments in research and development, it leapt 10 ranking positions in the 2011 edition of the 66-nation IT Industry Competitiveness Index, created for BSA by the Economist Intelligence Unit. But India has made these strides without having a strategic vision for developing and protecting intellectual property. That is, until recently.
China’s lax protection of intellectual property rights cost IP-intensive companies in the United States nearly $50 billion in 2009, according to the International Trade Commission, and it may have cost the broader US economy more than twice that amount. But it often goes unmentioned that the pain actually goes both ways — hampering prospects for … Read More >>