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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Navigating TRIPS: Analyzing the evolution and impact of Patent Law Amendments on India`s Pharmaceutical Sector |
| Authors Name: | P SMRITHI V NAIR |
| Unique Id: | IJSDR2402008 |
| Published In: | Volume 9 Issue 2, February-2024 |
| Abstract: | 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. |
| Keywords: | TRIPS, pharmaceutical sector, patent law |
| Cite Article: | "Navigating TRIPS: Analyzing the evolution and impact of Patent Law Amendments on India`s Pharmaceutical Sector", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.9, Issue 2, page no.49 - 54, February-2024, Available :http://www.ijsdr.org/papers/IJSDR2402008.pdf |
| Downloads: | 000338719 |
| Publication Details: | Published Paper ID: IJSDR2402008 Registration ID:209973 Published In: Volume 9 Issue 2, February-2024 DOI (Digital Object Identifier): Page No: 49 - 54 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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