Question: Consider the following statements with respect to the World Intellectual Property Indicators-2019 Report :
(1) India has emerged as the top third nation in the ranking of the total Intellectual Property filing activity.
(2) With schemes like ‘Make in India’, ‘Skill India’ and now ‘Atma-nirbhar Bharat’, IP Filing and grant activity is likely to increase.
Which is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) None of these
Answer:(b)
- Context:
- As per World Intellectual Property Indicators-2019 Report, India has emerged as the top tenth nation in the ranking of the total (resident and abroad) Intellectual Property (IP) filing activity.
- Facts :
- With government push to schemes like ‘Make in India’, ‘Skill India’ and now ‘Atma-nirbhar Bharat’, IP Filing and grant activity is likely to increase.
- IP-intensive industries have been identified as an important and integral part of a country’s economy and account for more jobs and a larger share of its GDP.
- The National IPR Policy, launched in May 2016, to promote strong IP regime in the country encourages innovation to achieve Country’s industrial and economic development goals. This will provide efficient IP ecosystem and build up pace of industrial growth in the country.
By-Arpit Mishra
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