India’s Position at 42 in the Global Intellectual Property Index 2024

US Chamber of Commerce recently unveiled 12th edition like him International Intellectual Property (IP) Index, Offering a comprehensive assessment of the IP landscape around the world. This year’s index ranked 55 economies, assessing the effectiveness of their IP frameworks in promoting innovation and creative industries. The United States retained its position at the top, followed by the United Kingdom and France, highlighting the important role of strong IP systems in economic growth.

India’s position in global ranking

India secured Ranked 42nd out of 55 countries assessed, With an overall score of 38.64 percent. This placement underlines the ongoing challenges and opportunities for India in strengthening its IP framework to foster innovation and economic growth. Despite its stagnant status, India’s inclusion in the analysis reflects its importance in the global IP discourse.

Global leader in IP rights

The index identified the top 10 economies with the most effective IP frameworks, led by the United States with a score of 95.48 percent. The United Kingdom and France followed, demonstrating the primacy of Western economies in the IP domain. This hierarchy of nations shows a direct relationship between strong IP protection and economic prosperity.

Top 10 economies for IP rights

  1. United States (95.48%)
  2. United Kingdom (94.12%)
  3. France (93.12%)
  4. Germany (92.46%)
  5. Sweden (92.12%)
  6. Japan (91.26%)
  7. Netherlands (91.24%)
  8. Ireland (89.38%)
  9. Spain (86.44%)
  10. Switzerland (85.98%)

Trends and Overview

The report highlighted several key trends, including the progress of the 20 economies in their overall IP scores. In particular, Saudi Arabia, Brazil and Nigeria emerged as top beneficiaries, reflecting their concerted efforts to invest in policy-driven innovation. This improvement across countries indicates a positive trend towards strengthening global IP policies.

In contrast, the index also revealed stagnation in 27 economies, including India, where no significant progress was seen. Additionally, eight countries, such as Ecuador, experienced a decline in their ranking due to inadequate enforcement mechanisms against IP infringement.

Implications for global IP policy

The index’s findings suggest a plateau in progress among top-ranked economies, calling for renewed leadership from the United States and the European Union in IP policy. The report advocates for multilateral organizations to reiterate their commitment to global IP standards, cautioning against counterproductive measures such as IP waivers that could undermine the integrity of IP frameworks.

India ranks 42nd in Global Intellectual Property Index 2024_40.1

India ranks 42nd in Global Intellectual Property Index 2024_50.1

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