"A 1 percent rise in the use of licensed software would generate almost $1.3 billion in national production for India, compared with $554 million from a similar increase in pirated software," GIPC said.

Licensed software is an important driver of national economic growth. Government, law enforcement and industry in India should take every opportunity to reap these potential gains by reducing piracy and promoting use of properly licensed software, it added.

Competitive Advantage: The Economic Impact of Properly Licensed Software report, jointly prepared by non-profit trade association BSA -- The Software Alliance and global business school INSEAD revealed that increasing use of licensed software would have a greater impact on Indian economy.

GPIC added that another report by the International Intellectual Property Alliance (IIPA) stated that physical, online and mobile piracy, illegal recording of movies from cinema screens and unlicensed use of software by enterprises, print and photocopy piracy stifle the market for other creative sectors.

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