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.