NamasteIndia’s Intangible Investment Surge: Paving the Way to a $400 Billion Future by 2030.
Rapid Growth: India has recorded the fastest growth in intangible investments from 2011 to 2020, outpacing major economies like the US, France, Germany, and the UK.
Key Drivers: This growth is fueled by strengths in software and data, new financial products, and increased investment in domestic brands.
Global Position: In 2020, India ranked 14th in absolute levels of intangible investments among 26 advanced economies.
Economic Impact: The significant increase in intangible investments, reaching approximately $200 billion USD in 2020, underscores India’s expanding role in global innovation and intellectual property.
Projections till 2030
Double in Value: Intangible investments could potentially double, reaching around $400 billion USD.
Enhanced Innovation: Continued emphasis on R&D, software development, and brand building will drive further innovation.
Global Leadership: India is poised to strengthen its position as a global leader in intellectual property and innovation.
Source / shared link: https://m.economictimes.com/news/economy/indicators/india-outpaces-major-economies-in-growth-of-intangible-investments/articleshow/112421471.cms
Originally published on LinkedIn on 2024-08-11 02:46:29: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7228230264081027072
