India jumps eight places to 36th spot in US Chamber's global IP index
7 Feb 2019 6:59 AM GMT
Despite India's improved show in this year's Index though, the report noted that there were still substantial challenges regarding the country's patenting and IP enforcement environment
- Despite India's improved show in this year's Index though, the report noted that there were still substantial challenges regarding the country's patenting and IP enforcement environment IPR Policy increased awareness among entrepreneurs: GIPC's Patrick Kilbride For the second year in a row, India has maintained the upward trajectory in the International Intellectual Property (IP) Index ranking.
- Kilbride said the improvement in India’s performance is a result of specific reforms, including its accession to the WIPO Internet Treaties, the agreement to initiate a patent prosecution highway with international patent offices, a dedicated set of IP incentives for small businesses, and administrative reforms to address the patent backlog.
- Patting the Narendra Modi government’s pro-IP policies, the GIPC release said these initiatives have the potential to transform the government’s programmes such as ‘Accelerating Growth for New India Innovations,’ ‘Startup India’, and ‘Digital India’ to economic reality.
- Index, the report noted there were still substantial challenges regarding the country’s patenting and IP enforcement environment.
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