• PROF.P.KUMARAN
• Dr.K.S.ALAKUMARIMUTHU

ABSTRACT Purpose - Researcher pays relatively impressive attention to the study of investigating the economic impact of well functioning geographical indication from developing countries .The author survey the available literature GIs and related data from authenticated sources with particular emphasis on international market and argues that researchers should have much to offer to advance our understanding of GIs impact on economy and urges scholars to conduct such research. This paper accounts the theoretical and methodological contribution. According to the study, GIs provide for quality controls and the findings are supportive of GIs generating producer benefits. Methodology/approach The data for the study were drawn from sources of FAO and WIPO. Objectives  To analyse the growing interest in GIs as the context to conduct an economic analysis of issues related to GIs.  To analyse the economic rationale for GIs protection  To analyse and draw attention to protect the geographical denomination of Basmati Findings ¬– Findings from this study will provide better insights for policy makers in developing countries while negotiating with developed country counterparts at international settings, and also while implementing Trade Related Aspects of Intellectual Property System (TRIPs) mandated GI protection. Further, such a review will help us to identify the issues that need to be addressed in future studies. The Author argued that countries must select their agricultural GIs very carefully as the confluence of product familiarity in international markets and land ownership patterns needed for the generation and widespread distribution of benefits will be rare events Originality/value This paper takes inventory on how geographical indication has contributed to economic research. It serves to validate current efforts while encouraging continued progress.

Keywords: Geographical indication; Basmati rice, Methodology; Geographical indication databases

"GIs are not a magic potion, but they are certainly a powerful tool.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 8, page no.a144-a157, August-2021, Available :http://www.jetir.org/papers/JETIR2108020.pdf

"GIs are not a magic potion, but they are certainly a powerful tool.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 8, page no. ppa144-a157, August-2021, Available at : http://www.jetir.org/papers/JETIR2108020.pdf