TRIPS Agreement: India Stuck in a Transition Mode?

The post TRIPS (Trade Related Aspects of Intellectual Property Rights) Indian economy was thought to have lesser investments and an “anti-competitive effect in the market”. However, an increased amount of investments in Research and Development sector and the entry of a number of pharmaceutical companies into the market in the recent years have proven these predictions wrong. The TRIPS agreement consists of the trade-related aspects of intellectual property rights (IPRs) and aims to protect and enforce the IPRs. It also aims to ensure that it does not become a barrier in international trade. CPPR Research Intern, Meenakshy Menon writes..