India Ranks 42 Out Of 55 In International Intellectual Property Index. What Does This Mean?

India ranked at 42 out of the 55 countries in the International IP (Intellectual Property) Index with an overall score of 38.64 per cent.

The 12th edition of the index was released by the US Chamber of Commerce on Wednesday.

Patrick Kilbride, Vice President of the U.S. Chamber of Commerce’s Global Innovation Policy Centre, said, “Policymakers in India are recognizing the critical link between IP rights and economic activity, which will underscore India’s global competitiveness.”

The IP Index is an annual assessment of the intellectual property environment in various countries.

It evaluates and ranks countries based on factors such as the strength of their patent, copyright, trademark, and trade secret protections, as well as enforcement mechanisms and international treaties.

The index offers insights for businesses, policymakers, and researchers, helping them understand how countries protect innovation and intellectual property rights, facilitating informed decision-making on a global scale.

The United States, United Kingdom, France, Germany and Sweden emerged as the top economies in the index.