India ranked second last in GIPC’s International Intellectual Property Index

The U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) has released its third annual international intellectual property (IP) index list.

In this list India is placed at 29th rank among the 30 countries. While, US has been placed at the top in the list and Thailand at last position.

Key facts

  • In this edition of IP Index, India has scored a low 7.23 out of maximum 30 points. While, US topped with score of 28.53 among the 30 countries surveyed, making it the global leader in protecting IP.
  • It should be noted that in 2012 and 2014 GIPC Index, India was ranked last in the list, due to deterioration of IP climate in country.
  • But in 2015 GIPC Index, India has moved up by 1 position to 29th rank because of steps taken by the Union Government to address the concerns of international community related to the IP rights.

About GIPC’s Intellectual property (IP) index

It was started in 2012 and the first edition compared national IP environment in 11 economies. Now, this index is represented by 30 countries around the world which represents 80 per cent of the world’s gross domestic product (GDP).

It is based upon 30 measurable criteria which includes patent, copyright and trademark protections, enforcement, and engagement in international treaties.

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Categories: Business & Economy Current Affairs 2017International Current Affairs 2017Science and Technology Current Affairs - 2017

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