Why is it in the news?
- The 12th edition of the International Intellectual Property Index was recently released by the US Chamber of Commerce.
Key Findings
- Notably, 20 economies have shown significant improvements in their IP frameworks, indicating progress in strengthening IP protection and enforcement mechanisms.
- The United States secured the top position in the rankings, followed by the United Kingdom and France, showcasing their robust IP ecosystems.
- Conversely, eight economies, including Ecuador, experienced a decline in their rankings due to inadequate IP enforcement measures.
- India’s performance in the index positioned it at 42nd out of the 55 countries evaluated, with an overall score of 38.64%. While this represents a relatively low ranking, it also signifies a notable improvement compared to previous years, reflecting India’s efforts to enhance its IP framework and foster innovation and creativity within the country.
| About International Intellectual Property Index · The International Intellectual Property Index is an annual assessment conducted by the U.S. Chamber of Commerce’s Global Innovation Policy Centre. · It serves as a comprehensive evaluation of the intellectual property (IP) frameworks of the world’s top 55 economies. · This assessment is based on 50 unique criteria that encompass various aspects of IP protection and enforcement. · The primary objective of the index is to provide guidance to economies seeking to bolster their innovation and creativity ecosystems by implementing more effective IP standards. · Additionally, it aims to identify global trends in IP protection and highlight areas for improvement, thereby assisting economies in enhancing IP-driven innovation and creativity.
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