US faults India on weak intellectual property protection; domestic R&D spend remains low | Business News
Placing India, China and six other countries on its ‘priority watch list’ for weak intellectual property (IP) protection, the US on Tuesday said that New Delhi remains one of the world’s most challenging major economies in terms of the protection and enforcement of IP rights, according to the United States Trade Representative’s (USTR) Special 301 Report released on Tuesday. The USTR report stated that over the past year, India has remained inconsistent in its progress on IP protection and enforcement, even as it has worked to strengthen its IP regime,...