12 October 2013 CII TechConnect 1

12 October 2013 CII TechConnect 2

10 POINT PROGRAM FOR POLICY

CHANGES THAT WILL FUEL

ECONOMIC GROWTH FOR INDIA

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CHANGE 1IMPROVING BUSINESS ENVIRONMENT

Current scenario: There are wide differences in extent of regulation across states. Example: IT industry in Andhra Pradesh.Change Required: Adopt “whole of government” regulatory policy.

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CHANGE 2STRENGTHENING INNOVATION

Action 2:1. Sign PLT.2. Allow incremental

innovation.

Action 1:1. Ensure steady increase in

investments in R&D and innovation as a share of GDP.

2. Example-In 2011, South Korea’s R&D expenditure was 3.74% of its GDP which increased to 4.03% in 2012. [1]

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INCREASING PRODUCTIVITY IN AGRICULTURE

CHANGE 3

[2]

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REDUCING TRADE AND FDI BARRIERSCHANGE 4

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CHANGE 5IMPROVING PUBLIC GOVERNANCE & REGULATION

[2]

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CHANGE 6FINANCIAL SECTOR REFORM

RECOMMENDATIONS

• IVR based mobile banking. [3]

[2]

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CHANGE 7IMPROVING ROAD INFRASTRUCTURE

In many rural areas economic expansion is severely constrained by the poor quality of roads and the inadequate and unsafe highway system.

RECOMMENDATIONS

[2]

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PROMOTING GREENER GROWTH

CHANGE 8

1. Variable rates of tax on electricity bills according to source.

2. Adjust taxes to favour efficient conventional power plants. [7]

3. Carbon tax.

• How does it help the economy?

• Reduces imports

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REFORMING LABOUR MARKETCHANGE 9

• Now, manufacturing firms with more than 100 workers have to request permission from the Ministry of Labour and Employment before dismissing just one worker.

• Such rules limit economies of scale.

• Encourage job creation in the formal sector by scrapping such regulations.

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CHANGE 10IMPROVING QUALITY AND ACCESS IN

EDUCATION

• What has been done:

National rural Employment guarantee scheme (NREGS)

• Change required:

Scrap NREGS. Instead of providing temporary employment, make unskilled labour capable by providing vocational training so that they can be permanently employed.

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REFERENCES1. “Korean R&D investment - a steady increase”

(http://www.eurekanetwork.org/about/-/journal_content/56/10137/2020631)

2. Report -“OECD ‘Better Policies’ Series India Sustaining High And Inclusive Growth October 2012”

3. Shalu Chopra, Rajeev Dwivedi, Arun Mohan Sherry, “Leveraging Technology Options For Financial Inclusion in India”

4. Article by KileyAnn White “Declining IP Rights in India Lead to Growing Bi-Partisan Congressional Concern” (http://www.ipwatchdog.com/2013/08/08/declining-ip-rights-in-india-lead-to-growing-bi-partisan-congressional-concern/id=44515/)

5. Business Today C Fore Business Confidence Survey July-Sep 2012 (http://businesstoday.intoday.in/story/business-confidence-index-indian-economy-september-2012/1/188782.html)

6. SCImago Journal Rank 2012

7. Article by Gincy Susan Jose “Eco Tax and the Indian Scenario” (http://www.mindtext.org/view/77/Eco_Tax_and_the_Indian_Scenario/)

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THANK YOU

QUESTIONS

PATENT LAW TREATY

1. The Patent Law Treaty (PLT) is a patent law multilateral treaty concluded on 1 June 2000 in Geneva, Switzerland, by 53 States and the European Patent Organisation.

2. The aim of PLT is to simplify procedures for patent application.

3. The Patent Law Treaty (PLT), entered into the force on April 28, 2005 adopted by the WIPO (World Intellectual Property Organization) in June of 2000.

4. The PLT:

• Simplifies and minimizes patent application requirements to obtain a filing date.• Imposes a limit on the formal needs for filing a patent.• Provides a foundation for the electronic filing of applications.

(http://www.pctfiling.net/patent-law-treaty/)

Incremental innovation

• Supreme Court of India denied a patent to

Novartis for its leukemia drug,

Gleevec. Gleevec is the beta-crystalline form of

imatinib mesylate. The beta crystal exhibits

enhanced stability compared to that of the

previously patented alpha form. Despite Novartis

being granted patents for Gleevec by 40 other

countries, the Supreme Court of India said

Gleevec did not meet the increased efficacy

standard, thus, denying its patent. [2]

FDI CAPS