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India jumping eight places in the ranking to 36th in 2019 from 44th in 2018
- February 11, 2019
- Posted by: admin
- Category: Current Science &Technology Updates
Reflecting the important reforms implemented by the country’s policymakers towards building and sustaining an innovation ecosystem for domestic entrepreneurs and foreign investors alike, India has climbed eight places up in the annual International Intellectual Property (IP) Index which analyses the IP climate in 50 world economies. The seventh edition of the index shows India jumping eight places in the ranking from 44th of 50 economies in 2018 to 36th in 2019.
The US, the UK, Sweden, France and Germany are the top five in the Index. The report by the US Chamber of Commerce’s Global Innovation Policy Center (GIPC) ranks economies based on 45 unique indicators that are critical to an innovation-led economy supported by robust patent, trademark, copyright and trade secrets protection. India’s overall score has increased substantially from 30.07% (12.03 out of 40) in the 6th edition to 36.04% (16.22 out of 45) in the 7th edition.
This time, the index included four new indicators on commercialisation of IP assets and market access that shed light on factors that either disrupt or facilitate technology transfer in global markets, such as barriers to technology transfer, registration and disclosure requirements of licensing deals, direct government intervention in setting licensing terms and tax incentives for the creation of IP assets.
In an e-mailed response to FE, explaining the India aspects, Patrick Kilbride, senior vice-president of GIPC, said for the second year in a row, India’s score represents the largest gain of any country measured on the index, which covers over 90% of the global GDP.
“Rising up eight places in the ranking, India is largely a story of possibility. The increase is a result of specific reforms, including its accession to the WIPO Internet Treaties, the agreement to initiate a Patent Prosecution Highway (PPH) with international offices, a dedicated set of IP incentives for small business and administrative reforms to address the patent backlog,” he said.
The index provides both an IP report card for the world and a blueprint for policymakers in countries like India, who wish to bolster economic growth and jobs, innovation and creativity. The US Chamber while acknowledging India’s steps in the past to improve the national IP environment noted that efforts continued in 2018 and progress has been made on several important areas measured by the index. It highlighted India’s efforts to align and incorporate IP environment with the international IP system.
According to an index document, India had announced in August 2018 that the application backlog had been reduced. For patents, a significant decrease from over 2 lakh pending applications in March 2017 to just over 1.5 lakh applications by end of June 2018. For trademarks, a backlog of over 4.5 lakh applications remained.
India continues to remain towards the bottom of the Intellectual Property Index, ranking 44th among 50 nations and it needs more reforms to complement its policy, says a report
India has increased “substantially” its score in the International Intellectual Property (IP) Index, ranking 44th among 50 nations, but it needs to take additional and meaningful reforms to complement its policy, the US Chambers of Commerce said in a report.
Despite improvement in the score, India continues to remain towards the bottom of the ladder. It now ranks 44 out of 50 countries. Last year, India ranked 43rd out of 45 countries in the Index.
“India’s overall score has increased substantially from 25% (8.75 out of 35) in the 5th edition of the Index to 30% (12.03 out of 40) in the 6th edition,” according to the annual report prepared by the Global Innovation Policy Centre (GIPC) of the US Chambers of Commerce.
India’s ranking, the report said, reflects a relatively strong performance in the new indicators as well as positive reform efforts on patentability of computer-implemented inventions (CIIs) and registration procedures for well-known marks.
The US tops the list with 37.98 points, followed by United Kingdom (37.97) and Sweden (37.03). The annual report notes that India in July 2017 issued ‘Guidelines on the Examination of Computer-Related Inventions’ which significantly improved the patentability environment for technological innovations.
Additionally, the government created IP awareness workshops and technical training, programmes for enforcement agencies, implementing key deliverables of the National Intellectual Property (IP) Rights Policy.
“However, India’s score continues to suggest that additional, meaningful reforms are needed to complement the policy,” he report said.
In what is otherwise a very challenging environment for IP rights holders, India has demonstrated a long-standing and clear commitment to increasing awareness of the importance of IP rights and respect for creators and innovators, it said.
However, India has a long way to go, the report noted. Among key areas of weaknesses are limited framework for protection of life sciences IP; patentability requirements outside international standards; lengthy pre-grant opposition proceedings; previously used compulsory licensing for commercial and nonemergency situations; limited participation in international IP treaties and no participation in international PPH (Patent Prosecution Highway) tracks.
“For the first time, India has broken free of the bottom 10% of economies measured, and its score represents the largest percentage improvement of any country measured. This is further evidence of a country on the move,” said Patrick Kilbride, vice president of GIPC.
“Several factors figure into the improved score. India passed guidelines to strengthen the patentability environment for technological innovations, improved the protection of well-known marks, and initiated IP awareness and coordination programmes, thereby implementing some tenets of the 2016 National IPR Policy,” he said.
“However, additional, meaningful reforms are still needed to incentivize domestic innovation, attract foreign investors, and improve access to innovation,” Kilbride said.
The report analyses the intellectual property (IP) climate in 50 world economies based on 40 unique indicators that benchmark activity critical to innovation development surrounding patent, trademark, copyright, and trade secrets protection.
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