India Policies Threaten Innovation

India Policies Threaten Innovation

11.01.12 | By Mark Grayson

Robert Atkinson, President of the Information Technology and Innovation Foundation, yesterday highlighted that while China and Iran have dominated the foreign policy discussion in the election cycle, we really should be looking at India if we are concerned about jobs and innovation.

Mr. Atkinson notes that while India has had robust economic growth over the last two decades, India seems to be turning to "innovation mercantilist" tactics to protect domestic industries. This seems to be evident in a number of industries, including electronics and pharmaceuticals. This industrial policy will continue to cost the United States jobs, exports and research.

To see why these policies could risk harming the gains the Indian economy has made and how it is harming foreign firms and the global economy , you should read the following, http://www.huffingtonpost.com/robert-d-atkinson-phd/indias-recent-trade-polic_b_2050434.html.

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