Assessing India’s Ranking and Progress in the 2023 International IP Index: Analysis and Recommendations

Posted On - 24 August, 2023 • By - King Stubb & Kasiva

Introduction

According to the Intellectual IP Index by the US Chambers of Commerce, India is ranked 42 among 55 leading global economies, to which India is ready to become a leader for emerging markets that seek to transform their economy through IP-driven innovation. The Index report covers everything from patent and copyright laws to the ability to capitalize IP assets and the ratification of international agreements.[1]  India has developed and maintained strong efforts in copyright piracy with the help of the issuing of ‘dynamic’ injunction orders over the years.  [2]

Analysis

India has good experience in Research and development and IP-based tax incentives. It has a strong awareness that raises efforts concerning the negative impact of piracy and counterfeiting. It is known as a global leader which has targeted administrative incentives for the creation and use of IP assets for small and medium enterprises.

India has moved forward to improve the enforcement against copyright-infringing content and to provide a better framework that will promote the understanding and utilization of IP assets. However, resolving the long issues in its IP framework will be critical to India’s ability to make a new model for the region and India’s continued economic growth.

The report notified the 2021 dissolution of the Intellectual Property Appellate Board, which is the long issue of an under-resourced and overstretched judiciary. It raises important concerns about the rights holders who can enforce their IP rights in India and resolve IP-related disputes.

The index report explains that the rankings for 28 economies have not changed, and it defines the progress which will improve global IP protection. It evaluates the countries that have nine major groups i.e., Commercialization of IP asset Patents, Designs, Trade secrets, Trademarks, enforcement, systematic efficiency, and membership and ratification of international treaties.

What is the International IP Index

It is the annual report which is compiled by the US Chambers of Commerce. It evaluates the protection of IP rights in the world’s 55 major economies, which represents approximately 9% of global GDP. The report covers topics that range from patent and copyright laws to the potential for monetizing IP assets and the ratification of international agreements. The index aims to help guide the nation toward a brighter economic future which is marked by greater innovation, creativity, and competitiveness.

  • Enforcement- In India despite many efforts to strengthen IP enforcement, piracy and counterfeiting remain serious problems in the country. The Enforcement agencies often lack the resources and expertise to effectively combat the issues, which leads to low rates of prosecution and conviction.
  • Backlog of Patent– In India patent backlog applications is a major challenge. It leads to delays in granting patents and creates uncertainty for innovators who seek to protect their inventions.
  • Lack of IP Awareness- There is a lack of understanding of IPR and awareness among many businesses and individuals in India. This issue can lead to inadvertent infringement of IP rights, as well as the challenge of enforcing these rights.

Recommendations

  • Enhancing Enforcement- India needs to strengthen its IP enforcement mechanism, which improves the coordination between different agencies and streamlines the legal procedures for IP disputes.
  • Streamlining Regulations- India needs to simplify and streamline the regulatory environment for IPR, which includes reducing the administrative burdens and increasing the transparency in IP registration and enforcement procedures.
  • Encouraging Innovation- India needs to incentivize innovation by offering tax incentives and funding for research and development, as well as promoting collaborations between the industry, academia, and government.

Conclusion

The category systemic efficiency seeks to measure five elements- coordination of IP rights enforcement, consultation with stakeholders during the IP policy formation, educational campaigns and awareness raising, targeted incentives for the creation and use of IP assets for small and medium enterprises, IP industries, and national economic impact analysis.

The protection of biopharmaceutical IP rights has limited framework and patentability requirements which are outside international standards are the other loopholes. However, the report has good points also. It includes the strong efforts in copyright piracy with the issuing of ‘dynamic’ injunction orders in the 2019 precedent case on online trademark infringement and damages and generous R&D and IP-based tax incentives.[3]

FAQs

What do you mean by Intellectual Property Rights?

Intellectual Property Rights are the rights given to persons or companies for the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period for ex- development of new software and discovery of new medicine.

What is the International IP Index?

It is the report which evaluates the protection of IP rights in the world’s 55 major economies, which represents approximately 9% of global GDP. It is the annual report compiled by the US Chambers of Commerce.

Where did India rank in the International IP Index 2023?

According to the Intellectual IP Index by the US Chambers of Commerce, India is ranked 42 among 55 leading global economies. The United States ranks first in the 2023 index, followed by the UK and France.

[1] https://www.uschamber.com/assets/documents/GIPC_IPIndex2023_FullReport_final.pdf

[2] Warner Bros. Entertainment Inc. versus tamilrockers.ws & Ors., CS(COMM) 369/2019

[3] Warner Bros. Entertainment Inc. versus tamilrockers.ws & Ors., CS(COMM) 369/2019

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