Question: Consider the following statements with reference to International Intellectual Property Index:
(a) The International Intellectual Property Index- 2020 is released by U.S Chamber of Commerce’s Global Innovation Policy Center (GIPC).
(b) In this group of 53 countries, India has been ranked at 40th.
Choose the correct statement:
(a) Only(1)
(b) Only(2)
(c) Both (1) and (2)
(d) None of the above
Answer: (c)
Related facts:
- The U.S Chamber of Commerce’s Global Innovation Policy Center (GIPC) has released the International Intellectual Property Index- 2020.
- The index maps the Intellectual Property (IP) ecosystem in 53 global economies representing over 90% of global GDP.
- It uses 50 unique indicators which span across nine categories of protection namely patents, copyrights, trademarks, design rights, trade secrets, commercialization of IP assets, enforcement, systemic efficiency and membership and ratification of international treaties.
Important facts:
- The US, the UK, Sweden, France and Germany remained the top five economies on the index.
- India has been ranked at 40th out of 53 countries in the index.
- It was placed at 36th position among 50 countries in 2019.
Links:
https://www.financialexpress.com/economy/india-slips-to-40th-position-on-international-intellectual-property-index/1857611/
https://internationalpropertyrightsindex.org/
https://timesofindia.indiatimes.com/business/india-business/india-ranks-40-out-of-53-countries-on-global-intellectual-property-index/articleshow/73967857.cms