According to the 12th edition of the International Intellectual Property (IP) Index released by the United States Chamber of Commerce in 2024, India has retained its 42nd rank with a score of 38.64%. The United States leads the index with a score of 95.48%, followed by the United Kingdom at 94.12%, and France at 93.12%.
Overview of the International IP Index
The Index evaluates the IP frameworks of 55 economies across 50 unique criteria, covering aspects such as patents, copyrights, and enforcement. It serves as a benchmark for nations aiming to enhance their innovation and creativity through strong IP standards.
India’s Performance and Initiatives
- Current Ranking: India maintained its previous year’s ranking at 42nd, slightly improved from 43rd in 2022.
- Strengths:
- Implementation of the Cinematograph (Amendment) Bill 2023, which introduces new penalties for film piracy.
- Enforcement through dynamic injunction orders and IP-based tax incentives for research and development.
- Challenges:
- Dissolution of the Intellectual Property Appellate Board in 2021 raised concerns.
- An under-resourced judiciary hampers the enforcement of IP rights and resolution of disputes.
- Limited protection for biopharmaceutical IP rights.
Global Trends and Key Insights
- Top Five Nations: Following the USA, the UK, and France are Germany (92.46%) and Sweden (92.12%).
- Significant Improvements: The Index records improvements in 20 countries, highlighting increased optimism for IP policy enhancements globally.
- Notable gainers include Saudi Arabia (+6.04%), Brazil (+4.50%), and Nigeria (+3.00%).
- Stagnation and Decline: While 27 economies, including India, maintained their scores, eight experienced declines, with Ecuador noted for a -1% change due to inadequate border control measures against IP infringements.
This annual index highlights the importance of robust IP systems and the need for continued efforts by top-ranked economies like the USA and the European Union to lead global IP policy initiatives.
Login with Google