International Intellectual Property index

International Intellectual Property index

Subject : Schemes

Section : Reports and Indices

Concept :

• India ranks 42nd among 55 leading global economies on the International IP Index.

International Intellectual Property Index

• It was released annually by the US Chamber of Commerce Global Innovation Policy Centre (GIPC).
• The index was started in 2012 and the first edition compared IP environments in 11 economies.
• The Intellectual Property (IP) Index evaluates each economy’s ecosystem based on 50 unique indicators which the industry believes represent economies with the most effective IP systems
• Parameters: It ranks countries based on 50 unique indicators.
• These indicators are divided across nine categories of protection: 1) Patents 2) copyrights 3) trademarks 4) design rights 5) trade secrets 6) commercialization of IP assets 7) enforcement 8) systemic efficiency and 9) membership and ratification of international treaties.
• Significance: The IP Index serves as a roadmap for policymakers who look to support creativity, innovation and economic growth through more robust IP policy.