In accordance with the US Chamber of Commerce‘s 4th report on “International IP Index”, India has showed its gloomy side as it was ranked at second last position.
- The index was released by Global Intellectual Property Center (GIPC) which measured the IP environment of 38 economies where India sat at 37th rank with a score of 05 as compared to 7.23 in the previous edition.
The index was premised on the 30 criteria including innovation, patent, copyright, trademark protections, enforcement and engagement in international treaties.
Top 5 countries
Reason behind the low rank of India:
- Patent protection in India kicked out from international best practices.
- Poor application and enforcement of civil remedies and criminal penalties.
- Regulatory data and patent term restoration is not available.
- Not a contracting party to international IP treaties.
- There is lack of specific IP rights for the life sciences sector.
About Global Intellectual Property Center (GIPC)
Established in 2007, GIPC is the principal institution of the United States Chamber of Commerce handling issues relating to intellectual property.
- It aims to strengthen the protection and enforcement of IP rights in the US and abroad.
- It promotes and defends the system of IP rights and norms in the United States, key countries and multilateral forums.
CEO – Thomas J. Donohue