India’s overall score has increased substantially from 25% in the 5th edition of the International Intellectual Property Index to 30% in the 6th edition. Photo: MintWashington: India has increased “substantially” its score in the International Intellectual Property (IP) Index, ranking 44th among 50 nations, but it needs to take additional and meaningful reforms to complement its policy, the US Chambers of Commerce said in a report. Despite improvement in the score, India continues to remain towards the bottom of the ladder. Additionally, the government created IP awareness workshops and technical training, programmes for enforcement agencies, implementing key deliverables of the National Intellectual Property (IP) Rights Policy. The report analyses the intellectual property (IP) climate in 50 world economies based on 40 unique indicators that benchmark activity critical to innovation development surrounding patent, trademark, copyright, and trade secrets protection.

Source: Mint February 08, 2018 11:48 UTC