Strong domestic economy and strengthening the patent system, Microeconomics

Strong Domestic Economy:

We have to realise that healthy export sector can be built up only on a strong and efficient domestic economic structure. A sound domestic economy is a must if we want a self-sustaining buoyant export sector. We have to build up our own brands internationally and not depend upon artificial supports. Above all, simplicity, transparency and commitment to reforms are a must. 

Strengthening the Patent System:

Considering Indian diversity in resource endowments and specially its characteristics as a mega bio- diversity zone of the world, India should strengthen her patent system so that Indian products may not be patented by other countries ahead of her. Various Indian products associated with geographical names need to obtain special treatments like their foreign counterparts in other products.  

Posted Date: 11/15/2012 12:46:49 AM | Location : United States

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