India ranked 40th on a global International Intellectual Property (IP) Index. It was released by the Global Innovation Policy Center (GIPC) of the US Chambers of Commerce. GIPC conducted the survey for 53 countries. Report Highlights: India scored 38.46% (19.23 out of 50) in 2020. It 2019, it scored 36.04% (16.22 out of 45). As per the report, India has shown improvement in terms of scores when it comes to the protection of IP and copyright issues. India showed a 2.42% jump in the absolute score. Also, India’s relative score increased by 6.71%. GIPC said India has continued to score well in the Systemic Efficiency indicator by scoring ahead of 28 other economies in these indicators. The report identified several challenges for India including compulsory licensing, patentability requirements, patent enforcement, patent opposition, regulatory data protection, transparency in reporting seizures by customs, Singapore Treaty of Law of Trademarks and Patent Law Treaty. Global Innovation Policy Center: GIPC is the premier institution of the United States Chamber of Commerce. It handles all issues relating to innovation and creativity through advocating for strong IP standards. It aims to promote & defend the system of IP rights in the US, multilateral forums, and other key countries. Note: India secured 36th rank among 50 countries in 2019.
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