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| Anurag Educational Academy |
The Index evaluates the IP framework in each economy across 50 unique indicators which industry believes represent economies with the most effective IP systems.
Span nine categories of protection: patents, copyrights, trademarks, design rights, trade secrets, commercialization of IP assets, enforcement, systemic efficiency, and membership and ratification of international treaties.
• India’s ranked 40th among 53 countries, while in 2019 India was ranked at 36th position out of 50 countries.
• However, India's score increased from 36.04 per cent in 2019 to 38.46 per cent in 2020, a 2.42% jump in an absolute score.
• The US, the UK, Sweden, France and Germany remained the top five economies on the index.
• The policy has improved the speed of processing for patent and trademark applications, increased awareness of IP rights among Indian innovators and creators.
• However, it noted that “job is not yet done” on establishing stronger IP protections.
• India needs to do more in the field of patent enforcement, compulsory licensing, regulatory data protection, transparency in reporting seizures by customs, signing Singapore Treaty on Law of Trade Marks and Patent Law Treaty.
• The Patent Law Treaty (PLT) was adopted in 2000 with the aim of harmonizing and streamlining formal procedures with respect to national and regional patent applications and patents and making such procedures more user friendly.
• Singapore Treaty on the Law of Trademarks(2006) aims to create a modern and dynamic international framework for the harmonization of administrative trademark registration procedures.
• India is not a signatory to both the treaties.
National IPR Policy 2016
National IPR Policy is a vision document that aims to create and exploit synergies between all forms of intellectual property (IP), concerned statutes and agencies.
Seven objectives of IPR Policy
1. IPR Awareness: To create public awareness about the economic, social and cultural benefits of IPRs.
2. Generation of IPRs: To stimulate the generation of IPRs.
3. Legal and Legislative Framework: To have strong and effective IPR laws, which balance the interests of owners with larger public interest.
4. Administration and Management: To modernise and strengthen service oriented IPR administration
5. Commercialization of IPRs: Get value for IPRs through commercialization.
6. Enforcement and Adjudication: To strengthen the enforcement and adjudicatory mechanisms for combating IPR infringements.
7. Human Capital Development: To strengthen and expand human resources, institutions and capacities for teaching, training, research and skill building in IPRs.
Thankyou...
