The GIPC also highlighted the need for the government to "build upon the positive rhetoric of its IPR policy with the substantial legislative reforms that innovators need".
This is the fifth year in a row that India has been ranked at the bottom of the pack in the index. However, the 2017 report, titled 'The Roots of Innovation', represents a slight improvement in its performance as the country was ranked last or next-to-last in the last four years.
"If Indian policymakers wish to deliver the kinds of results the Modi administration once hoped for, they can act to address issues that impact Indian innovation, such as software patentability, life sciences patents, copyright protection and enforcement, and trade secrets protection," he added.
Hirschmann pointed out that reforms can improve the country's reputation as a destination for doing business, foreign businesses' ability to invest in and make in India, and India's own innovative industries.
In addition to its anaemic IPR policy, the report cited challenges with the scope of patentability for computer-implemented inventions, Section 3(D) of the Indian Patent Act, and the recent Delhi High Court decision regarding photocopying copyrighted content.
The new economies included in the fifth edition of the index are Egypt, Hungary, Kenya, Pakistan, the Philippines, Saudi Arabia, and Spain. India ranks 43, just ahead of Pakistan. The US ranks on top, followed by UK, Germany, Japan and Sweden respectively.
The report identifies India's key strength in the newly adopted National IP Policy that recognises several key gaps, including the need for a stronger enforcement of the current IP rights.
However, it said, "the policy does not address the challenges and uncertainties rights-holders face when it comes to protecting their patent rights (particularly in the biopharmaceutical sector), modernising existing copyright laws or introducing international best practices and new sector specific IP rights such as regulatory data protection".
Disclaimer: No Business Standard Journalist was involved in creation of this content
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