As per recently published World Intellectual Property Indicators-2019 Report, India has emerged as the top tenth nation in the ranking of the total (resident and abroad) Intellectual Property (IP) filing activity. IP-intensive industries have been identified as an important and integral part of a country’s economy and account for more jobs and a larger share of its GDP.
Daily Current Affairs Quiz 2020
Key-Points
With government push to schemes like ‘Make in India’, ‘Skill India’ and now ‘Atma-nirbhar Bharat’, IP Filing and grant activity is likely to increase.
The National IPR Policy, launched in May 2016, to promote strong IP regime in the country encourages innovation to achieve Country’s industrial and economic development goals. This will provide efficient IP ecosystem and build up pace of industrial growth in the country.
Developed countries relied on intellectual property as one of the leading tools with which such advances were realized and Patents, trademarks, and copyrights were the principal means for establishing ownership rights to the creations, inventions, and brands that were used to generate tangible economic benefits.
The Government of India has taken concrete steps to establish favourable environment for creation and protection of Intellectual Property Rights and strengthening IP administration in the country. The National IPR Policy, launched in May 2016, to promote strong IP regime in the country encourages innovation to achieve Country’s industrial and economic development goals.
