International Intellectual Property Index 2022

In News 

• Recently, India has improved its overall IP score from 38.4 percent to 38.6 per cent, and the country is ranked 43 out of 55 countries on the International Intellectual Property Index.
  • This year (2022) the index is topped by the US with 95.4%.

About 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.

Source:BS