Innovations in Indian Drug and Pharmaceutical Industry: Have they Impacted Exports?
نویسندگان
چکیده
The paper examines the trends in exports, imports, R&D performance and patenting activities in regard of Indian drug and pharmaceutical industry for the period 2000-2012. Although most of the analysis, drawing upon different databases, is of descriptive nature, it also estimates functional relationship between exports as dependent variable and patents granted and R&D expenditure as independent variables. The study found that lagged R&D expenditure and lagged total patents granted affect exports positively and significantly. It suggests encouragement to public-private R&D partnership in the realm of basic and applied research, which could be commercially harnessed by the interested private sector partner(s).
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