Navigating TRIPS: Analyzing the evolution and impact of Patent Law Amendments on India`s Pharmaceutical Sector

P SMRITHI V NAIR

TRIPS, pharmaceutical sector, patent law

This paper investigates the impact of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) on the Indian pharmaceutical sector. It examines the relevance of the pharmaceutical sector for the Indian economy in terms of contribution to gross domestic product (GDP), employment and the foreign direct investment (FDI). The pharma sector contributes significantly to the economy in terms of all these measures. The driver of growth for the sector has been the generic drugs category, which was able to flourish under the process patent regime of the Patent Act, 1970. This is the reason that the adoption of TRIPS, and the subsequent changes in Patent Laws raised serious concerns amongst the policymakers and economists about the future of the domestic pharma industry. However, the pharma sector continues to thrive and shows positive trends in terms of the research and development (R & D) expenditure, industry domination and outward orientation and competitiveness. This can be attributed to the flexibilities maintained by the government in the patent laws in the broader interest of public health.

Published Paper   E-Certificate

"Navigating TRIPS: Analyzing the evolution and impact of Patent Law Amendments on India`s Pharmaceutical Sector", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.9, Issue 2, page no.49 - 54, February-2024, Available :https://ijsdr.org/papers/IJSDR2402008.pdf

Volume 9 Issue 2, February-2024

Pages : 49 - 54

Paper Reg. ID: IJSDR_209973

Published Paper Id: IJSDR2402008

Downloads: 000347261

Research Area: Social Science and Humanities 

Country: MULUND (WEST), MUMBAI, MAHARASHTRA, INDIA

Published Paper PDF: https://ijsdr.org/papers/IJSDR2402008

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2402008

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition