India climbs 8 Spots in 2019 International Intellectual Property Index; ranks 36th
The improvement in the Index was also attributed to few pro-IP policies of the Modi Government such as ‘Accelerating Growth for New India Innovations’, ‘Startup India’ and ‘Digital India’.
India climbed eight places in the 2019 International Intellectual Property (IP) Index, ranking at 36th position among 50 countries. India’s overall score has increased from 30.07 percent in 2018 to 36.04 percent in 2019.
In 2018 International Intellectual Property Index, India was ranked 44th out of 50 countries.
The seventh edition of the International Intellectual Property Index, “Inspiring Tomorrow” was released by the Global Innovation Policy Center (GIPC) of U.S. Chamber of Commerce on February 7, 2019.
The Index was topped by the United States with 42.66 points out of 45, followed by the United Kingdom (42.22) at 2nd, Sweden (41.03) at 3rd and Germany (41.00) at 4th.
U.S. Chamber of Commerce’s take on India’s improvement
As per the U.S. Chamber of Commerce, “The improvement reflects important reforms implemented by Indian policymakers toward building and sustaining an innovation ecosystem for domestic entrepreneurs and foreign investors alike”.
For the second year in a row, India’s score represents the largest gain of any country measured on the Index.
The improvement is an outcome of specific reforms such as accession to the WIPO Internet Treaties, the agreement to initiate a Patent Prosecution Highway (PPH) with international offices, and a dedicated set of IP incentives for small business.
The development was also attributed to few pro-IP policies of the Modi Government such as ‘Accelerating Growth for New India Innovations’, ‘Startup India’ and ‘Digital India’.
About International Intellectual Property Index
• The International Intellectual Property Index ranks 50 economies based on 45 unique indicators across eight separate categories that are critical to an innovation-led economy supported by robust patent, trademark, copyright, and trade secrets protection.
• The Global Intellectual Property Centre of the USCC works around the world to examine the Intellectual Property (IP) rights and their role in creating jobs, saving lives, advancing global economic growth, etc.
• It provides both an IP report card for the world and a blueprint for policymakers in various countries.
• The Index covers 50 economies, representing 90 percent of global GDP.