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India continues its dismal run in Global Intellectual Property Index score, occupying the 29th position among 30 countries. According to the 2015 IP index by Global Intellectual Property Center (GIPC) of US Chamber of Commerce, the US, the UK, Germany, France, and Singapore top the 30-country list on robustness of IP system. Argentina, Indonesia, Vietnam, India and Thailand take up the last five places in the latest report. In 2014, India was ranked last among the 25 economies surveyed.
The latest GIPC Index mapped the IP environment of 30 economies that constitute 80 per cent of global gross domestic product with scores evaluated on 30 indicators indicative of a robust IP system. "India is not a contracting party to any of the international treaties included in the GIPC Index, nor has India concluded an FTA (free trade agreement) with substantial IP provisions since acceding to the TRIPS (Trade-Related Aspects of Intellectual Property Rights) Agreement," the report said. When it comes to protection of patents, India could manage just one mark (out of a highest possible of seven).
However, the silver lining to India's dismal performance on IP environment was that the report acknowledged the efforts by the new government to make fundamental changes in the country's IP framework. "The draft national IPR policy recognised the fundamental links between IP, innovation, and the successful development of innovative products," the report said. It further noted that "new bilateral dialogue mechanisms between the US and India - including the high-level IP Working Group of the Trade Policy Forum - have potential to elicit positive changes to India's IP system". The report termed the decision to revise the country's Preferential Market Access policy as "a positive step".
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