India ranks 43rd in 2017 Global Retirement Index

India ranks abysmally at 43rd out of 45 countries in a global innovation index, according to a report released by US Chambers of Commerce which cited the countrys “anemic” Intellectual Property Rights (IPR) policy and patent act as challenges to innovation.

In the 5th annual International IP Index The Roots of Innovation by US Chamber of Commerces Global Intellectual Property Center (GIPC), there is slight improvement in India?s performance; it was ranked last or next-to-last in the previous four years.

“In India, many of the same challenges to innovation remain. president and CEO of GIPC. India has 8.4 score as against Americas 32.6 which tops the list of 45 countries. China has 14.83 points. Neighbouring Pakistan ranks 44th with 8.37 score. 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.

US Chambers of Commerce said in addition to its anemic Intellectual Property Rights (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 High Court of Delhi decision regarding photocopying copyrighted content.

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