India ranks last but one at protecting intellectual property

Samar Srivastava
Published: Feb 23, 2015 06:44:14 AM IST
Updated: Feb 23, 2015 08:28:37 AM IST

A recent report by the US Chamber of Commerce Global Intellectual Property Center (GIPC) has ranked India 29th out of 30 countries surveyed in connection with the protection that it accords to intellectual property (IP). The annual survey saw 20 countries improve their rankings compared to last year, with India moving up one spot from 30 to 29.

India ranks last but one at protecting intellectual property

The survey comes at a time when India is out to attract investments for its ‘Make in India’ initiative. However, the rankings indicate that it may run into problems when it comes to protection given to IP. According to GIPC, economies with higher protection have 50 percent more innovative output and they are 40 percent more likely to invest in research and development.
While the GIPC strongly advocates addressing the issues of online and physical piracy, it also wants India to renounce the use of compulsory licensing as a commercial tool, something activists in developing countries have been vociferously opposed to.

(This story appears in the 06 March, 2015 issue of Forbes India. To visit our Archives, click here.)

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  • Nimai Majumdar

    With a number of innovations in news, it is hightime to focus on this aspects. What are the key bottlenecks? Industry associations need to take steps to make it a habit & custure of innovation minded organizations.

    on Mar 2, 2015
  • Vikram Koppikar

    This is an interesting statistic. However, I have a feeling that it stems primarily from India\'s stance on \"Compulsory Licensing\" of Pharma Patents filed by Foreign Pharma Companies in India, and hence may not be an overtly accurate position

    on Feb 23, 2015