India ranks 37th on USCCís 2016 Intellectual Property Index
Posted on: 2016-02-16 Posted by: CLAT Gurukul Category: Archive Blog
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 Indiaís 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 Chamberís 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. Source: The Hindu Note: For more updates on topics asked in CLAT, keep visiting CLAT Gurukul which is a knowledge sharing initiative of The Knowledge Tree, Patna's premier coaching institute for CLAT and for other law entrance exams like AILET, SET, LSAT etc.