The US Chamber of Commerce released the 12th edition of its International IP Index.
The US Chamber of Commerce on Wednesday released the 12th edition of its International IP (intellectual property) Index. India ranked at 42 out of the 55 countries in the index with an overall score of 38.64 per cent. The United States emerged at the top of the list followed by the United Kingdom and France.
“The Index demonstrates the benefits that economies can receive when they adopt robust and enforceable IP standards. Policymakers in India are recognizing the critical link between IP rights and economic activity, which will underscore India’s global competitiveness,” said Patrick Kilbride, Senior Vice President of the U.S. Chamber of Commerce’s Global Innovation Policy Center, in a press statement.
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The index evaluates the IP framework of the world’s top 55 economies and found 20 economies significantly improving. The United States once again emerged as the top leader but countries like Saudi Arabia, Brazi, and Nigeria. But 27 economies showed no change while eight, including Ecuador, declined in rankings due to weak IP enforcement.
“India’s recent strides in amending its intellectual property framework are commendable and underscore the country’s proactive approach to empowering innovation and creativity. Such initiatives not only benefit domestic creators and innovators but also contribute to the broader global landscape of intellectual property rights protection,” added Kilbride.
The top 10 economies in the world for IP rights are as follows:
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%)
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First uploaded on: 28-02-2024 at 15:29 IST