Global Innovation Policy Center Current Affairs - 2019

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Factors which led to India’s stride in International IP Index 2019

In the International IP Index 2019 released by U.S. Chamber of Commerce’s Global Innovation Policy Center (GIPC), India has surged almost 20 per cent and climbed eight places in the IP Index rankings from 44th to 36th. The report cites the following factors as responsible for India’s performance:

  • India has taken several noteworthy steps to improve its IP system in 2018 and also performed well on the new indicators included in the Index this year.
  • The Government of India take steps to improve its national IP environment and these efforts continued in 2018 and progress has been made on several important areas measured by the Index.
  • Greater efforts were made to align and incorporate India’s IP environment with the international IP system.
  • India’s accession to the WIPO Internet Treaties and subsequent agreement with the Japanese Patent Office on a pilot PPH both stand out.
  • India also invested considerable energy into decreasing pendency rates for patent and trademark applications by hiring staff and investments in resources for modernising and improving the administrative capacities of the Office of the Controller General of Patents, Designs and Trademarks (CGPDTM).
  • As a result, the application backlog had been reduced from over 200,000 pending applications in March 2017 to just over 155,000 applications by end of June 2018.

The report notes that substantial challenges persist, particularly regarding India’s patenting and IP enforcement environments nevertheless this improvement is a real accomplishment, and Indian policymakers should be congratulated on their successful efforts in 2018.

Month: Categories: Business, Economy & BankingUPSC

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International IP Index 2019: Key Facts about India

The International IP Index 2019 released by the U.S. Chamber of Commerce’s Global Innovation Policy Center (GIPC) makes the following observations related to India:

  • India experienced its second consecutive year of growth in the IP global ranking, jumping eight places from 44th to 36th.
  • The jump in the ranking is attributed to the recognition of international standards of copyright protection and incentives for intellectual property.
  • The report notes that the improvement reflects important reforms implemented by Indian policymakers towards building and sustaining an innovation ecosystem for domestic entrepreneurs and foreign investors alike.
  • India’s overall score has also increased substantially from 30.07% (12.03 out of 40) in the 2018 index to 36.04% (16.22 out of 45) in 2019.
  • India’s score represents the largest gain of any country measured on the Index.
  • The weakness of India as highlighted in the report are barriers to licensing and technology transfer, including strict registration norms, limited framework for the protection of biopharmaceutical IP rights, patentability rules outside international standards, lengthy pre-grant opposition proceedings and previously used compulsory licensing for commercial and non-emergency situations as key hurdles.

The report notes that the most substantial movement can be seen from India, which has surged almost 20 per cent and climbed eight places in the IP Index rankings from 44th to 36th.

Month: Categories: NationalUPSC

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