The International IP Index, developed by the U.S. Chamber of Commerce, is a powerful instrument for evaluating the robustness and efficiency of intellectual property (IP) frameworks established by policymakers worldwide. Furthermore, the Index provides a roadmap for economies aiming to improve the ecosystem for innovation and creativity through more efficient IP standards.
The eleventh edition of the International IP Index benchmarking the IP framework in 55 global economies across 50 unique indicators, has recently been published by the U.S. Chamber of Commerce.
According to the Index, India has been ranked 42nd, down by one spot from the previous year. The report noted that India has made some progress in strengthening its IP environment but still has significant room for improvement, particularly in the areas of patent protection and enforcement.
The index also finds that the rankings for 28 economies remained unchanged, illustrating that progress to improve global IP protection may be stagnating. It is also stated that Economies are threatening to weaken the framework for IP-driven innovation through discussions at the multilateral organizations and in capitals.
The International IP Index evaluates the countries based on nine major groups: Patents, trademarks, designs, trade secrets, commercialization of IP asset, enforcement, systematic efficiency and membership and ratification of international treaties.
The category of systemic efficiency seeks to measure five elements: coordination of IP rights enforcement; consultation with stakeholders during IP policy formation; educational campaigns and awareness raising; targeted incentives for the creation and use of IP assets for small and medium enterprises (SMEs); IP-intensive industries, national economic impact analysis. Many economies outperform their overall Index scores on this category, with countries such as Brazil, Colombia, India, and the Philippines achieving a score 70% or more. Overall, the average score on this category is one of the strongest on the Index, at 62.73%.
- Publication date
- 3 April 2023
- European Innovation Council and SMEs Executive Agency