Question: Consider the following statements with reference global intellectual property index 2020:
(1) India has been ranked 40th out of 53 countries on a global intellectual property index, 2020.
(2) According to this report India has shown improvement in terms of scores when it comes to the protection of IP and copyright issues.
Choose the correct statement/s from the following:
(a) Only (1)
(b) Only (2)
(c) Both (1) and (2)
(d) None of the above
Answer: (c)
Related facts:
- India has been ranked 40th out of 53 countries on a global intellectual property index.
- According to US Chamber India has shown improvement in terms of scores when it comes to the protection of IP and copyright issues.
- India was placed at 36th position among 50 countries in 2019.
- The US, the UK, France, Germany and Sweden are the top five economies on the IP Index in 2020.
Important Points:
- India’s score, however, increased from 36.04 per cent (16.22 out of 45) in 2019 to 38.46 per cent (19.23 out of 50) in 2020, a 2.42 per cent jump in absolute score.
- However, India’s relative score increased by 6.71 per cent, according to the International IP Index released by Global Innovation Policy Center or GIPC of the US Chambers of Commerce.
- Two new Index economies (Greece and the Dominican Republic) scored ahead of India.
- According to the eighth edition of the annual report, India’s score on the Chamber’s International IP Index demonstrates the country’s growing investment in IP-driven innovation and creativity.
- The Index specifically highlights a number of reforms over the last year that strengthen India’s overall IP ecosystem.
U.S. Chamber International IP Index
- The U.S. Chamber International IP Index benchmarks the IP framework in 53 global markets, representing over 90% of global GDP.
- The IP Index evaluates the ecosystem in each economy across 50 unique indicators which industry believes represent economies with the most effective IP systems.
- The IP Index serves as a roadmap for policymakers who seek to support innovation, creativity, and economic growth through more robust IP policy.
Links:
https://www.newindianexpress.com/nation/2020/feb/05/india-ranks-40-out-of-53-countries-on-global-intellectual-property-index-2099497.html https://www.uschamber.com/sites/default/files/023881_gipc_ip_index_2020_fullreport_a_04.pdf
https://www.uschamber.com/report/2020-international-ip-index