Global Intellectual Property Index – Burning Issues – Free PDF

• India has been ranked 36th out of 53 countries on a global intellectual property index, even as the country has shown improvement in terms of scores when it comes to the protection of IP and copyright issues.

• The Global IP Index was released by Global Innovation Policy Center or GIPC.
• patents, related rights, and limitations;
• copyrights, related rights, and limitations;
• trademarks, related rights, and limitations;
• enforcement;
• membership and ratification of international treaties.
• India is placed at rank 36th this year. In 2018, India was ranked 44 out of 50 countries. In the first edition of the report in 2014, India had ranked last in the ranking of 25 countries.
• Among major global economies, most substantial movement can be seen from India, which has surged almost 20% and climbed eight places in the IP Index rankings from 44th to 36th.

 Challenges

• Patentability requirements, patent enforcement, compulsory licensing, patent opposition, regulatory data protection, transparency in reporting seizures by customs, and Singapore Treaty of Law of TMs and Patent Law Treaty
• India has improved the speed of processing for patent and trademark applications.
• Increased awareness of IP rights among Indian innovators and creators, and facilitated the registration and enforcement of those rights.
• Creates and Supports High-Paying Jobs.
• Drives Economic Growth and Competitiveness.
• Strong and Enforced Intellectual Property Rights Protect Consumers and Families.
• Helps Generate Breakthrough Solutions to Global Challenges.
• Rights Encourage Innovation and Reward Entrepreneurs.
• According to the United Nations, World Intellectual Property Indicators Report-2019, global Intellectual Property (IP) filing activity continued to grow at a rapid pace.
• In 2018, patent filings around the world exceeded by around 3.3 million, representing a 5.2% growth over 2017 figures.
• Asia accounted for two-thirds of these applications, being the global hub for IP applications.
• In India, there was a large increase in the number of filings with respect to Trademark filing activity (+20.9%),
• Patent filings (+7.5%), and
• Industrial design filing activity (+13.6%), marking almost double-digit growth in 2018. For India, this was the third successive year of double-digit growth.
• Trade Mark
• Patents
• Copyright
• Industrial Design
• Intellectual property rights (IPR) are the rights given to persons over the creations of their minds: inventions, literary and artistic works, and symbols, names and images used in commerce.
• They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
• Promoting an environment of innovations in schools. The academic curricula need to be rebooted.
• A proper resolution mechanism for resolving IPR related issues is needed.
• India will be unable to take full advantage of the transformative benefits of a strong IP system unless and until it addresses gaps in its IP laws and regulations.
• Success of India’s flagship programmes – Make in India and Start up India – depends on the boost of innovation ecosystem with better IPR safeguarding.

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