Intellectual Property Index Current Affairs

India ranks 43rd out of 45 nations in 2017 International Intellectual Property Index

India ranked low 43rd among the surveyed 45 nations in 2017 International Intellectual Property Index (IIPI). In this edition, India is just above Pakistan (44th) and Venezuela (45th).

The fifth annual index was released by US Chamber of Commerce’s Global Intellectual Property Centre (GIPC) in its report titled ‘The Roots of Innovation’.

Key Facts
  • This year the index includes 90% of global gross domestic product (GDP) and seven new economies Egypt, Hungary, Kenya, Pakistan, Philippines, Saudi Arabia, and Spain were included.
  • India scored a meagre 8.75 out of a total of 35 points, falling significantly behind the median score of 15.39. Besides, the average score of India’s regional neighbours was 17.64.
  • This is for fifth consecutive year India has been ranked at the near bottom in the index. Last year, India was placed 37 out of 38 countries. India was ranked last or next-to-last in the previous four years.
  • Top 5 Countries in 2017 IIPI: United States (1st), United Kingdom (2nd), Germany (3rd), Japan (4th), Sweden (5th), France (6th), Switzerland (7th), Singapore (8th), South Korea (9th) and Italy (10th).
  • BRICS countries: China (27th), South Africa (33rd), Brazil (32nd) and Russia (23rd).
  • This year India has made some increment, but still has to do a lot more to build up a positive impression of its IPR policy with adequate legislative reforms required by innovators.
  • There was slight improvement in India’s overall scores in this edition mainly because of the inclusion of five new indicators in the index on which India performed very strong.

About International Intellectual Property Index (IIPI)

The index started in 2012 by USGIPC ranks countries based upon 35 parameters each having one point weightage. Some of the parameters are patents, copyrights, trademarks, trade secrets and market access, enforcement, and ratification of international treaties.

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India ranks 37th in USCC’s 2016 Intellectual Property Index

In recently released Intellectual Property Index (IPI) by United States Chamber of Commerce (USCC), India was ranked 37th among the surveyed 38 countries.

These 38 countries benchmarked in the 2016 index accounts for nearly 85% of the global GDP. Venezuela ranked lowest below India at 38th position with 6.42 points on the index.

Key highlights

  • In this edition of IP Index, India has scored a low 7.0 out of maximum 30 points.
  • Top 10 Countries: US (28.6 score), UK (27.5), Germany (27.4), France (27.2), Sweden (27.1), Singapore (25.6), Switzerland (24.9), Australia (24.8), Japan (23.3) and South Korea (23.3).
  • BRICS Countries: Russia (20th Rank), China (22nd), South Africa (26th), Brazil (29th) and India (37th).
  • Reasons for India’s lower ranking: Patent protection in India remains outside of international best practices.
  • Indian laws do not provide adequate enforcement mechanisms to combat online piracy effectively.

About Intellectual Property Index

The index is based on 30 parameters (each having one point) fixed by US Chamber’s Global Intellectual Property Centre (GIPC). It was started in 2012 and some of its criteria are patent, copyright and trademark protections, enforcement and engagement in international treaties.

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