India’s IPRI score Decreased from 2014, in 2014 India’s global IPR score 46 in 95 countries. but this year the global IPR score has been increased by 0.180 to 5.820 placing it 10th in the Asia and Oceania region and 55th in the world. India is classified by the IMF as part of the Emerging and Developing Asia group and by the World Bank as a lower middle-income country.
India’s Legal and Political Subindex score increased by 0.294 to 4.876 with scores of 6.067 in Judicial Independence, 5.009 in Rule of Law, 4.521 in Control of Corruption, and 3.909 in Political Stability.
India’s Physical Property Rights Subindex increased by 0.075 to 6.608 with scores of 6.355 in Perception of Property Rights Protection, 7.712 in Registering Property, and 5.757 in Ease of Access to Loans.
India’s Intellectual Property Rights Subindex score increased by 0.172 to 5.974 with scores of 6.007 in Perception of Intellectual Property Protection, 7.52 in Patent Protection, and 4.4 in Copyright Protection.
In the 21st century, technological advances and globalization have borne new terms the tools and spaces that differentiate it from the past: the digital era, the sharing economy, collaborative consumption, peer to peer, network society, and so on. Most of these concepts encompass similar features: Information Communication Technologies; Artificial Intelligence for automation; and user-generated, user-centric, platforms.
It is important to focus on the features because certain terms as ‘sharing’ or ‘collaborative’ misguide us. In fact, when using a peer-to-peer (P2P) ride hailing services, short-term rentals, or a crowdfunding platform, there is a fee for that service; and there is a benefit for both sides of the participants: those who offer and those who receive the service. The real reason for the service to exist makes use of underutilized resources, or excess capacity, giving us hints of the nature of the expanding society.