India ranked second last in GIPC’s International Intellectual Property Index
The U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) has released its third annual international intellectual property (IP) index list.
In this list India is placed at 29th rank among the 30 countries. While, US has been placed at the top in the list and Thailand at last position.
India’s patentability requirements remained outside established international best practices. Also, there is a lack of specific IP rights for the life sciences sector.
About GIPC’s Intellectual property (IP) index:
It was started in 2012 and the first edition compared national IP environment in 11 economies. Now, this index is represented by 30 countries around the world which represents 80 per cent of the world’s gross domestic product (GDP).
It is based upon 30 measurable criteria which includes patent, copyright and trademark protections, enforcement, and engagement in international treaties.
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