India at the bottom of GIPC index

The U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC), released its third annual International IP Index, ‘UP: Unlimited Potential’, which found that 20 of the 30 economies examined in the Index improved their scores from last year. Thailand, India, Vietnam, Indonesia, Argentina, Nigeria, Brazil and Ukraine were described as low-tier performers. The index is based on 30 measurable criteria critical to innovation, including, patent, copyright and trademark protections, enforcement, and engagement in international treaties. India was ranked 11 with a score of 7.23 out of 30 against 6.95 per cent in the last edition. India’s patentability requirements remained outside established international best practices. Also, there is a lack of specific IP rights for the life sciences sector.

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