CURRENT AFFAIRS

Detailed explanation-1: -Recently, India has improved its overall International Intellectual Property (IIP) score from 38.4% to 38.6%, and the country is ranked 43rd out of 55 countries on the International Intellectual Property Index.

Detailed explanation-2: -India’s six-notch jump to the 40th spot in the 132-nation GII in 2022 from 46th rank in 2021 made it to the top most innovative lower middle-income economy in the world, overtaking Vietnam, the World Intellectual Property Organization (WIPO) said on Thursday.

Detailed explanation-3: -Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal said that India had come a long way in the Global Innovation Index (GII) from the 81st spot in 2015 to the 40th spot in 2022 today.

Detailed explanation-4: -Recently, India has improved its overall IP score from 38.4 percent to 38.6 per cent, and the country is ranked 43 out of 55 countries on the International Intellectual Property Index. This year (2022) the index is topped by the US with 95.4%.

Detailed explanation-5: -The United States, Japan and Europe are at the top of the global intellectual property rankings 2021, Emerging markets such as the UAE, China and Mexico as in the report have continued to improve their scores. The 2021 Index showed improvement in the overall global IP environment despite the pandemic.