India surpasses major economies in the growth of intangible investments.

 One major factor driving India's rapid progress in intangible resources is its position as one of the world’s leading hubs for innovation and intellectual property. According to a document published by the World Intellectual Property Organization (WIPO), this marks the first time that data on India’s intangible investments has been made available. Intangible assets, which include R&D, know-how, software and data, design, brands, and reputation, are critical for generating value for both companies and economies.

Sacha Wunsch-Vincent, head of WIPO’s economics and data analytics division and a contributor to the report, stated, “India was the most dominant in the field of intangible investment, surpassing several developed countries, thanks to its expertise in software and data.” In 2019, intangible investments represented over 10% of India's GDP, excluding the informal sector. This figure is comparable to the EU-22 average and exceeds Japan's 9%, indicating that India's efforts in intangible investments are surpassing expectations for its level of development.

The primary drivers of India's growth in intangible assets are advancements in software and data, the development of new financial products, and increased investment in domestic brands. These factors not only contribute to India’s rapid growth but also enhance its position in the global intangible investment landscape. India's remarkable progress in this sector underscores a broader recognition of the importance of intellectual property and innovation for national economic development, distinguishing it from both emerging and advanced economies and improving its global ranking.