View source for Intangible assets, investments: India

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[[Category:India |I ]]
[[Category:Economy-Industry-Resources |I ]]
[[Category:S&T |I ]]

=What are Intangible assets?=
==Briefly==
[https://epaper.indiatimes.com/article-share?article=10_08_2024_021_003_cap_TOI  Rupali Mukherjee, August 10, 2024: ''The Times of India'']
 
Intangible assets encompass R&D, knowhow, software and data, design, brands and reputation — all assets that either result from or interact with intellectual property (IP) in some form. Despite their intangible nature, such assets have the power to create immense value for companies, economies and societies.

=Intangible investments=
==2013-23==
[https://epaper.indiatimes.com/article-share?article=10_08_2024_021_003_cap_TOI  Rupali Mukherjee, August 10, 2024: ''The Times of India'']

[[File: Intangible and tangible investments In the bigger economies of the world, 2013-23.jpg|Intangible and tangible investments In the bigger economies of the world, 2013-23 <br/> From: [https://epaper.indiatimes.com/article-share?article=10_08_2024_021_003_cap_TOI  Rupali Mukherjee, August 10, 2024: ''The Times of India'']|frame|500px]]


New Delhi : India has witnessed the fastest growth in intangible investments over a nine-year period (2011-2020), surpassing major economies like the US, France, Germany & the UK, indicating high level of value creation by companies.  In terms of absolute levels of intangible investments for 2020 (latest year for which data is available), India ranks 14th among a sample of 26 advanced economies, trailing Denmark and ahead of Finland and Portugal, the World Intangible Investment Report said.

 Overall, the data underscores India’s significant progress and growing importance in the global arena of in- tangible assets, reflecting its expanding role in innovation and intellectual property. The data assumes significance because this is the first time ever the intangible investment insights are available for India.  Further, the most noteworthy finding from the report is that India’s performance rivals that of high-income countries, such as Germany and Japan, in terms of intangible investment intensity (as a share of GDP).

 “India showed the fastest growth in intangible investment, surpassing the growth rates of many developed economies, mainly driven by its strength in software and data,” Sacha Wunsch-Vincent, head, department of economics and data analytics at WIPO (World Intellectual Property Organisation) and one of the authors of the report, told TOI. 

The biggest driver for India’s growth in intangible assets are software and data, new financial products and increasing investment in domestic brands.

 Excluding the informal sector, intangible investment in 2019 made up over 10% of India’s GDP, which is comparable to EU-22 average (about 10%) and higher than Japan (about 9%). As a result, India’s intangible investment intensity is considerably higher than what would be expected relative to its level of development, an industry expert said.