International Intellectual Property index

International Intellectual Property index

International Intellectual Property index 2021 : India ranks 40 on IP index

International Intellectual Property index
Two minute reads :
  • India has ranked at 40 among the 53 economies on International Intellectual Property index .
  • The ranking were released on March 23, 2021.
  • The index evaluates the intellectual property rights in the economies of the world from copyright policies and patents of ratification of the international treaties and commercialization of IP assets.
  • The annual index is released by the US Chamber Global Innovation Policy Centre ( GIPC ).
  • The US, the UK , Sweden, France and Germany remained the top five economies on the IP index in 2019 retaining their spots from the last year.
International Intellectual Property index
International Intellectual Property index 2021 ( Photo credit : Jagran Josh )
  • Last year India was ranked at 36th position out of 50 countries.

Benefits of having effective Intellectual property :

  • This is 9th IP index released by the Global Innovation Policy Centre.
  • Economies with most effective IP frameworks will achieve socio – economic benefits needed to combat COVID – 19.
  • Greater access to venture capital
  • 10 times more clinical trail activity
  • Increased private sector investment in research and development

About Global Innovation Policy Centre

  • CEO : David Hirschmann
  • Headquarters : Washington, USA
International Intellectual Property index
Reference : https://www.business-standard.com/article/current-affairs/india-ranks-40th-on-international-intellectual-property-index-121032301401_1.html

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