Competition laws, IPR encourage innovation, aid human progress: D Subbarao

Competition laws, IPR encourage innovation, aid human progress: D Subbarao

Competition laws and Intellectual Property Rights (IPR) both encourageinnovation and contribute to human progress, former RBI Governor D Subbarao said on Saturday. Subbarao, who was speaking at a virtual event where a book on IPR and competition law was released, said competition keeps businesses on the edge and to keep improving. He also said despite a 'tension' between them, competition law and IPR target a common objective which is to encourage acquisition and spread of knowledge.

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