The Economic Times

Time to score own goals: India's GCCs create world-class research, but rarely own the IP that generates future wealth

India's innovation challenge lies in foreign ownership of research assets. Global Capability Centers generate significant revenue but do not accumulate Indian assets. Research performed in India is often sold as a service, with IP ownership residing abroad. This model generates export receipts but lacks compounding asset growth for the nation. Future growth depends on shifting from hosting research to owning intellectual property.