India ranks 37th in international IP index
Q. US Chamber of Commerce has just released its 4th Annual Global IP Index. What does IP stand for?- Published on 12 Feb 16
a. Immediate Possibilities
b. Infinite Possibilities
c. Intellectual Possibilities
d. International Possibilities
ANSWER: Infinite Possibilities
US Chamber of Commerce has ranked India as 37 of 38 nations in the 4th annual International IP Index -Infinite Possibilities- which measured the IP environment in India alongside 37 other economies. Only Venezuela has scored low. Index was produced by GIPC or Global Intellectual Property Centre and India’s overall score fell from 7.05 to 7.23. Report also noted a decrease through introduction of Global Measure of Physical Counterfeiting in the current edition, in which India was ranked 7th.