Shireen Shukla, legal intern at Kkurana & Khurana,
probes the recent International IP Index report, released by U.S.
Chamber of Commerce, where India stood at 43rd position,
out of 45 countries.
On 8th February, 2017 U.S. Chamber of Commerce
released its 5th annual International IP Index,
"The Roots of Innovation," rating 45 world
economies on patents, trademarks, copyright, trade secrets,
enforcement, and international treaties with the aim to provide
both, an IP report card for the world and a guidebook for
policymakers seeking to bolster economic growth and innovation.
It is an undeniable fact that protection of intellectual
property serves dual role in the economic growth of a country.
Where on one hand it promotes innovation by providing legal
protection of inventions, on the other it may retard catch-up and
learning by restricting the diffusion of innovations. Therefore a
sounder IPR protection in a country encourages technology
development and technology
