- India has climbed eight places to 36th position on the in the annual International Intellectual Property (IP) Index released by the which analyses the IP climate in 50 world economies.
- The seventh edition of the index shows India jumping eight places in the ranking from 44th of 50 global economies in 2018 to 36th in 2019.
- India’s overall score has increased from 30.07% (12.03 out of 40) in the sixth edition to 36.04% (16.22 out of 45) in current edition.
- According to the index, ‘the improvement reflects important reforms implemented by Indian policymakers towards building and sustaining an innovation ecosystem for domestic entrepreneurs and foreign investors alike”.
- The problem identified are barriers to licensing and technology transfer, including strict registration norms, limited framework for the protection of biopharmaceutical IP rights, patentability ruless outside international standards, lengthy pre-grant opposition proceedings and previously used compulsory licensing for commercial and non-emergency situations as key hurdles .
- The index analyses the Intellectual Property climate in 50 global economies, this year.
- The US, the UK, Sweden, France and Germany remained the top five economies on the index.
- The index was released by the US Chamber of Commerce’s Global Innovation Policy Center (GIPC).
