Geographical indications: Global trends and Indias' progress in agricultural and handicraft products
DOI:
https://doi.org/10.14719/pst.7178Keywords:
compound growth, geographical indications, global, IndiaAbstract
Geographical Indications (GIs) provide legal protection to products tied to specific regions, highlighting their unique qualities and heritage. The significance of GIs has grown globally, as they serve as tools to protect traditional products, promote regional economic development and ensure product quality in the market. This paper examines the role of GIs globally and in India, emphasizing their importance in promoting sustainable production practices and protecting intellectual property rights. The study utilizes secondary data from the World Intellectual Property Organization (WIPO) and the Intellectual Property India database, examining trends in GI registration across various product categories and states. China ranks first in the total GI share with 9785 GIs and India ranks 52nd with 530 GIs Globally in 2023. In India, Uttar Pradesh ranks first with 74 GIs and Tamil Nadu Ranks second with 59 GIs in 2024. The findings revealed that agricultural commodities and handicrafts products dominate the GI landscape in India, while globally, wines and spirits form the largest share of GIs. Compound Annual Growth Rate (CAGR) for Global (8.17 %) and Indian GIs (5.76 %) showed a positive growth rate for the period under study. CAGR analysis indicated the highest growth in the registration of GIs under agricultural commodities in India (10.63 %) and globally (12.14 %). The paper concludes that while India has made significant progress, further research and policy frameworks are needed to address challenges in promoting GIs and the support needed post-GI registration. Globally, GIs offer potential for economic growth, cultural preservation and sustainability.
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