Policy spree or policy paralysis: an evaluation of India’s efforts at encouraging firm-level innovative activities

Sunil Mani

Chapter 11 in Research Handbook on Innovation Governance for Emerging Economies, 2017, pp 316-344 from Edward Elgar Publishing

Abstract: India has been on a policy spree attempting to increase the level of innovations by domestic firms. For this the government has announced a series of policies both at the aggregate level and across specific sectors. The chapter undertakes a survey of various policies and focuses its attention on two specific policy instruments, enunciated first to subsidize R&D and second to improve the articulation of intellectual property rights so that firms are able to improve their R&D efforts. Analysis of the policy outcomes shows us that investment in R&D has been concentrated in a few industrial sectors, and there is ambiguous evidence regarding the improvement of R&D performance.

Keywords: Development Studies; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2017
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