India ranked 37 in USSC’s 2016 Intellectual Property Index

Feb 12, 2016 18:25 IST

India ranked 37 out of the 38 economies surveyed in the 2016 Intellectual Property Index (IPI). The index was released on 10 February 2016 by the Global Intellectual Property Centre (GIPC) of the United States Chamber of Commerce (USCC).

Out of the 38 economies surveyed, while the USA topped in terms of intellectual property protection by securing 28.61 points out of 30, Venezuela was at the bottom of the index.

The index was prepared on the basis of 6 key parameters including patents, trademarks and copy rights related rights and limitations, trade secrets, enforcement and participation in international treaties.

In the index, India secured 0.18 less than the 2015 index (7.05) due to its bar on patentability of incremental changes under Section 3(d) of the Patent Act 1970, compulsory licensing provisions and uncertainty regarding computer-related inventions (CRI).

Further, India’s non participation in the major international treaties including the Trans-Pacific Partnership agreement was also a reason for its poor performance in the index.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes22 People Agreed

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK