The agreement has changed the face of the IP regime in the world. Many developing countries, including India, had weaker IPR systems (for example. B patents), had to thoroughly review their patent laws or where there were no IP rights systems (the most important examples were plant breeding protection, layout and geographical indications), new intellectual property rights. The effects of the agreement have their own pros and cons. What is positive is that the revision of patent legislation has given rise to a more powerful patent protection system, in line with international standards, which has encouraged foreign investors to invest in India. Although domestic investments do not respond in the short or long term to a stronger patent system, foreign direct investment (FDI) could do so. In addition, research and development spending by national actors increased significantly in the period following the agreement compared to the period prior to the agreement. The other positive consequence of technology is the availability of better products that might not have been available with lower protection from the fight against intellectual property. However, the prices of these better quality and patented products may not be affordable for the majority of the population.
Private sector investment and foreign investment in the seed sector have increased. The environment under the agreement has encouraged the domestic private sector IPpro Services (India) P. Ltd. 17 and foreign companies to invest in research and development for the development of better seeds. Some of the geographical indications that are part of India that are important to local industry have been protected and have encouraged investment in these sectors, such as Dargiling Tea. The downside is the most direct impact of the postal agreement on drug prices. Unlike the previous scenario, new and necessary drugs will be protected by product patenting, which could lead to price escalation. The revision of patent legislation has put in place a stronger patent protection mechanism, in line with international standards or the standards set out in the agreement. The result was positive for India, as foreign investors were encouraged to invest in India. Domestic investments can be expected not to respond to the stricter patent system, but foreign direct investment (FDI) could do so. In addition, research and development spending (R-D) by national actors increased significantly in the period following the agreement compared to the period prior to the agreement.