Incentives are greatly aligned when the Beneficiary is also the Payer and the Chooser of a product. The greater the social distance between the three entities of the P-C-B, the weaker is the alignment of incentives to have effective markets. The best case is that of private spending for a car where the P-C-B entities […]
Sramana Mitra, entrepreneur and consultant sent us this thoughtful piece
Enterpreneurship is a critical element of a growth economy, and India is poised to unlock a Silicon Valley like entrepreneurial boom through the next 10 years. The beginnings are already in place, steps have been taken in the right direction.
I have written extensively on the topic […]
In an op-ed in today’s Wall Street Journal (subscription required), Richard Wilder & Pravin Anand claim that
India is rapidly evolving into Asia’s innovation center, leaving China in the dust. Its secret weapon? Intellectual property-rights protection. In recent years, New Delhi has taken big steps to protect these rights, and the results have been dramatic.
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Following in the wake of the Businessweek cover story, Knowledge @ Wharton has a special issue out on the rise of India as an R&D hub.
India has long enjoyed a reputation as a destination for IT and business process outsourcing. Now, the country is fast emerging as a major center for cutting-edge research and development […]
If you’re looking for the state of Intellectual property development in a country, a good place to look is the patent office and the number of patent applications being filed. The newest reports from the drug/pharma industry holds very good news for India. Of course, we all know that the Indian pharma industry is very […]