US Chamber of Commerce released the International Intellectual Property (IP) Index on 28 January 2014. In the IP Index, India has scored a low seven point out of maximum 30 points. India continues to have the weakest IP environment of all countries included in the GIPC Index for the second consecutive year.
The continued use of compulsory licenses, patent revocations, and weak legislative and enforcement mechanisms raise serious concerns about India’s commitment to promote innovation and protect creators.
Other highlights of the IP Index
• The United States received the highest (28.5 percent) overall score, but came in third after the United Kingdom and France in the enforcement category.
• China IIP environment continued to see challenges (trade secret protection and enforcement) and it shows improvements in certain aspects of its patent regime.
• Canada’s treatment of pharmaceutical patents, copyright laws, and unwillingness to ratify international IP treaties resulted in significantly lower scores than other upper-income economies.
International IP Index is prepared by the Global Intellectual Property Center (GIPC) of the US Chamber of Commerce which maps the IP environment of 25 countries from around the world utilising 30 factors, which are indicative of an IP environments that fosters growth and development.
In 2010, the then-President of India declared the next 10 years to be India’s “Decade of Innovation.” Promoting innovation means protecting domestic innovators and creators, attracting world-class research and development, and creating and sustaining high-quality future jobs through a robust intellectual property (IP) system. However, recent policy, regulatory, and legal decisions have deteriorated IP rights in the country, making India an outlier in the international community.
When: 28 January 2014